Punters flooding back into investment funds says IMA

Professional Adviser
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The past weeks of stock market gains have brought with them renewed interest in investing among reta...

The past weeks of stock market gains have brought with them renewed interest in investing among retail customers according to the latest Investment Management Association figures. Total gross sales of investment funds jumped to £4.2bn in October from £3.6bn in September. In the same months, net retail sales jumped to £452.7m from £109.8m, while net institutional sales jumped to £167.6m from just £38.3m. And there was an increase in the number of funds available to investors too: 1,982 to choose from in October compared to 1,972 in September and 1,962 in October last yea...

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