Corporate bonds boost retail sales in February

Investors have continued to pour money into the sector since October, with net retail sales of £854.8m last month. In total, UK net retail sales shot up to £1.2bn in February, from £271.2m during the same month in 2008, with inflows into the bond sector as a whole accounting for £1.1bn. This was to the detriment of equity funds which suffered outflows of £66m. Japan was hit the hardest, with the sector seeing net outflows of £172.9m. Overall, UK funds had AUM of £339.2bn in February, having fallen 5% from January and dropped 23% lower than February 2008. "For the fourth consecu...