Snakes and ladders

BlackRock regained its crown in July, nearly doubling last month's sales haul to leave a yawning chasm between nearest competitors PIMCO and AB/Axa. The flow leaderboard was particularly concentrated this month, with only six master groups posting sales in excess of €1bn, compared to ten in June. Large US firms dominated but within that cohort Fidelity stood out, as it has been many months since the group last gained a top ranking, despite its strong brand appeal.

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