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M&G tops UK fund flows in Q1

The Prudential-owned fund manager rounds off a strong week with number one spot in the latest fund rankings

M&G Investments has topped the UK fund groups chart for sales in the first quarter of 2013 with more than £2.1bn of sales, rounding off a week when it revealed record external assets under management and overall assets.

The fund manager, owned by Prudential, came top in data provider Lipper's ranking of UK-domiciled open-ended funds sales, which excluded money market and funds of funds.

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