Swimming further ahead of the shoal

August may have been a quietish month for European asset managers but PIMCO's rising fortunes continued to dominate the competitor landscape. Its lead fund contradicted the general direction of the market by posting record inflows of €4.6bn and there was little ammunition in the rest of the group's product armoury to offer any balance. But while PIMCO led in the active space, BlackRock maintained its ownership of the passive arena and, with some following for its active funds, it kept its sales crown for the eighth consecutive month.

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