Norwich Union has every reason to be pleased with its Navigator master fund: it increased its market share by 5% in the last quarter, beating a trend that saw the share of the top 10 master funds players declining. Navigator’s market share is now 10.3%, up from 9.8%, while the top 10 players’ share has declined from 90.3% to 89.95%.

Navigator reported a growth in funds under administration of 12.3% and net inflows in funds under administration of $317.6 million for the December quarter. Navigator MD Marc Mengler said Navigator is becoming one of the most popular investment platforms on the market. “Following the September 11 market fall this is an excellent result,” he said. “It shows how the industry and our advisers have matured since the ’87 crash.”