Initial readings of the latest monthly Autif data over retail sales of unit trusts shows that demand...
Initial readings of the latest monthly Autif data over retail sales of unit trusts shows that demand is holding up surprisingly well, even allowing for the seasonal slump associated with the ending of the fiscal year in the first week of April.
Net retail sales in May were up around 10% on the same period last year.
In terms of sectors, Japanese trusts experienced an net outflow of funds, as did global emerging markets.
Latin American trusts attracted new money, but events through June may have reversed that trend - although the figures just cover May.
North American equities funds diminished as investors remained fearful of a double-dip recession and continued questions over earnings growth.
Bonds continued to be the biggest winners, as UK corporate bond unit trusts managed to draw in £206m in net sales during the month.
£92bn transferred since 2015
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