Tracker fund outflows drop to £12m in Q2

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Outflows from retail tracker funds hit £12m in Q2 this year, compared to just £4 million in Q1.

The IMA quarterly investment fund statistics showed investor confidence is much lower in trackers compared to the corresponding quarter last year, which saw inflows of £27m. It was better news for ethical funds, with Q2 retail sales inflows of £138m, up from £100m in Q1 and £26m in Q2 2006. Net funds of funds sales were almost at the same level last year, reaching £1.2bn in Q2, up from £820m in Q1. Funds of funds under management hit £33bn at the end of Q2, up from £30bn for the previous quarter and a 30% increase from Q2 2006. "Against a background of improved total net retail sales t...

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