Rathbones Unit Trust Management has released monthly sales figures supporting the general industry p...
Rathbones Unit Trust Management has released monthly sales figures supporting the general industry picture painted by IMA figures for July which show that retail investors are still risk averse.
The IMA reported the Corporate Bond and UK Equity Income sectors were most favoured among retail investors, with Growth funds least liked.
Rathbone's experience in July has been much the same.
Its Income fund pushed through the £150m value mark by the end of the month and was most responsible for pushing the manager's industry share.
The sales increase helped RUTM to a 4.21% share of the retail unit trust industry, up from 1.44% in June, according to company figures.
The Income fund, which is managed by Carl Stick, has returned 25% in the past 6 months, and 39% over the past five years, earning it a five-star and 'AA' rating from S&P
Putting more money into Income and Bond funds may be about chasing the wrong runner, however, as the IMA's statistics also show that institutional investors are chasing the Growth story.
The different investment focus raises the question of whether the institutions are placing too much faith in global recovery continuing to deliver stock market gains, or whether UK retail investors are chasing too much security at the expense of reasonable returns.
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