Latest figures from the Investment Management Association show assets under management in non-UK domiciled funds registered for sale in the UK fell by £700m between February and March.
The latest figure shows assets under management of £15.7bn, down from £16.4bn in February but still above March 2007’s total of £14.5bn. Sales figures for March showed a net outflow of £266.6m, meaning the rest of the decline is attributable to falling portfolio values. Although there was a similar net outflow of £265.1m in February, the latest figure shows a more even split between retail and institutional investors, with retail net redemptions rising from £41.1m in February to £130.6m in March, and institutional net redemptions slowing to £135.9m in March from £224.0m in February. Gros...
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