Retail investors make major shift into bonds

Investment funds under management hit a “new record high” and rose 4% on April figures to £289bn, ending the month almost one-fifth (19%) higher than the previous year, when funds under management stood at £244bnm, according to the IMA. Net retail sales have also risen compared with last year, as sales lifted to £230m compared with £116m the previous year. That said, net Isa sales are still underperforming by a third less than a year ago, as Isa sales hit £115m against £168m in May 2004. Bonds still appear to be the chosen retail asset class, as around £622m flowed into bonds compa...