UK funds up £25bn in April

There were nearly £375bn asset under management by the end of last April, compared to 348.4bn by the end of March. This was significantly dpwn on April 2008's total AUM figure of £450bn. Net retail sales were also up, from £1.75bn in March to £2.068bn in April, with Isa sales hitting a three-year monthly high at £671.4m net. Offshore funds under management accounted for £16.7bn, compared to £15.9bn last month. IMA chief executive Richard Saunders says: "Retail sales continued the strong showing of 2009 so far with inflows to bond funds in April exceeding £1bn for the fifth consecut...