Specialist market share rises

Specialist funds increased their retail market share during 2000 on the back of sales of technology but UK corporate bond and equity income funds saw their sales decline. According to figures from Autif, specialist sector funds accounted for 9.96% of retail mutual fund sales during 2000, up from 3.43% during 1999. The North America and global growth sectors also saw their share of retail mutual fund sales increase in 2000 compared with a year earlier. North American fund sales accounted for 8.35% in 2000 compared with 4.46% in 1999. The global growth sector saw its share of retail fund sa...