M&G Investments, the funds arm of UK insurer Prudential, continued to pull in assets over the three months to the end of September, thanks to strong demand from retail investors; meaning its retail flows so far this year have almost tripled its previous annual record.

Investors placed a net £2.5bn (€2.8bn) in M&G's funds over the quarter, a 47% increase on the same quarter last year. A significant proportion came from retail investors, who placed a net £1.7bn in M&G's funds over the three months, while institutions placed a net £900m.