Fund sales for July were triple those recorded in March, traditionally the high point of the year ...
Fund sales for July were triple those recorded in March, traditionally the high point of the year as investors rush to use their outstanding Isa allowance. While for many groups July and August were the strongest sales months of the year so far, in line with rising markets and improving sentiment, the majority said these improvements are from a low base after more than three years of bear market conditions. According to figures from the IMA, total net sales hit £1.42bn in July compared to £476m in March. The July numbers followed sales of £1.41bn in June and August is expected ...
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