Net retail sales have seen their best month since May 2007 with total sales of £1,037m during November, according to the latest figures from the IMA.
This compares favourably with October which had seen a severe drop in sales in relation to September, falling £501.1m. Sales were also up compared with November 2007 which saw outflows of £335.5m. The figures show retail investors are starting to dip their toes in the markets again after a torrid time for fund investments this year. Of the total sales in November, £512m was invested in equity funds followed by £479m in bond funds. The most popular UK domiciled sector was £Corporate Bond which saw inflows of £340m while the Specialist sector had the biggest outflows of £101m. Property...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes