More than £4bn has been wiped from the collective market value of UK-listed asset managers since the start of the year, with concerns over slower economic growth and a challenging outlook for retail fund flows contributing to double-digit share price falls across the sector.

According to Financial News analysis of 12 publicly traded UK asset managers, their collective value was some £4.6bn lower at 28 March 2022 than at 31 December 2021, based on data sourced from the London Stock Exchange.