Multi-asset funds have seen their first outflows for over a year, according to the latest statistics from the Investment Association.
The monthly figures, which cover sales during January 2016, show mixed asset funds saw outflows of £157m. This compares to inflows of £290m in December. Total net outflows for funds across all retail sectors were £463m, with fixed income funds among the worst hit, losing £267m. The top-selling sectors were Europe ex-UK, which saw net sales of £250m, and North America which took in £228m. The latter saw particularly strong growth, jumping from 15th place in December, when it had outflows of £22m, to second place. Meanwhile, last month's top-selling sector, UK Equity Income, fell int...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
