Fidelity International is the top-selling retail fund group in Europe, according to estimates by Feri Fund Market Information, the fund data provider.

While sales at the US fund group more than doubled in the year to end-February, many of its big rivals do not rank in the top 20 for retail fund sales. Strong sales in France, where bancassurance groups dominate the market, put four French managers in the top 10, while Nordea has capitalised on its strong base in the Nordic region. Apart from Union, German managers failed to figure in the top 20.