Retail sales lowest since 1995 - IMA

Europe Ex UK saw the biggest negative outflows of any sector in 2008 losing nearly £2bn. UK All Companies saw the second highest net outflows losing nearly £1.4bn to 31 December 2008, while UK Smaller Companies saw the fourth highest outflows of £394m. ISAs also saw outflows of £1.6bn in 2008 and were the lowest on record. IMA chief executive, Dick Saunders, suggests this is the continuation of a long phase of money gradually being invested in other areas like property but says this is a trend which may change. The £ Corporate bond and Absolute Return sectors however, topped the list ...