The latest retail sales figures published by the Investment Management Association (IMA) have revealed a fall in inflows to a level last seen in January 2013.
Net retail sales slowed down to just £695m in August this year, compared to the £1.85bn seen last August. UK Equity Income remained the best-selling sector for the third consecutive month, with net retail inflows of £376m. This was followed by the Property sector, which saw £242m of net new money, and the Mixed Investment 40-85% Shares sector, which attracted £159m of inflows. However, inflows were subdued across all asset classes, and UK equity income inflows were offset by outflows elsewhere, most notably the UK All Companies sector, which saw £258m of outflows. Daniel Godfrey...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes