The most popular distribution channel in May was the intermediary channel, according to the Investment Management Association (Ima).
Its latest investment fund statistics reveal the intermediary channel represented 79.6% of gross retail business in May. This was followed by tied agents/sales force with 8.1%, direct sales with 7.4% and private client with 4.9%. Meanwhile, gross Isa sales of £286m from fund supermarkets made them the dominant distributor of Isas, followed by £253m worth of sales through sales force/tied agents. The most popular sector was UK All Companies, representing 20% of gross retail sales. The sector was favoured by intermediaries and accounted for 18% of gross retail business through this chan...
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