Retail sales for tracker funds hit a six-year high in the final three months of 2008, IMA statistics reveal.
Sales recorded a net inflow of £280.2m in Q4, compared with an outflow of £33m during the previous quarter. Net retail sales for tracker funds for the whole of 2008 saw an inflow of £308.3m, in contrast to outflows of £108.9m in 2007. Advisers were the most popular distribution outlet for trackers, accounting for almost 60% of gross retail tracker sales. Funds under management in tracker portfolios were £19.8bn. down 5% on Q3 2008's £20.9bn and 27% lower than Q4 2004. The IMA statistics also reveal that retail sales for ethical funds saw a net inflow of £54.8m in Q4 2008, compared t...
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