Tracker funds roared back into popularity in Q1 this year, posting a £64.3m inflow after six straight quarters of outflows.
The latest IMA figures show retail tracker fund sales bounced back from a £59.6m outflow in Q4 2007 and the £4.9m outflow recorded in Q1 last year. However, tracker funds under management in Q1 fell 10% on the pervious quarter, to £24.5bn, which is also 7% down on the corresponding period last year. Total net fund of funds sales also fell to £637.3m in Q1 this year, down from £834m recorded in the previous quarter and lower than the £821.1m posted in Q1 2007. The most popular fund of funds sector in Q1 was Cautious Managed, accounting for £238.3m net inflows. Funds under management...
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