Net retail sales have seen their best month since May 2007 with total sales of £1,037m during November, according to the latest figures from the IMA.
This compares favourably with October which had seen a severe drop in sales in relation to September, falling £501.1m. Sales were also up compared with November 2007 which saw outflows of £335.5m. The figures show retail investors are starting to dip their toes in the markets again after a torrid time for fund investments this year. Of the total sales in November, £512m was invested in equity funds followed by £479m in bond funds. The most popular UK domiciled sector was £Corporate Bond which saw inflows of £340m while the Specialist sector had the biggest outflows of £101m. Property...
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