IFAs helped stem UK fund outflows - IMA

While still high, the UK's 2008 outflow of €3bn is a fraction of the amount lost in many other major European countries. Italy saw the highest outflows with over €50bn leaving funds, while France and Spain both saw over €40bn and Germany suffered outflows in excess of €10bn. Saunders says this stark contrast can only be explained by the way the products are marketed to investors. "In Continental Europe the money has been flooding out over the past year, however it has been a different story here," he says. "While we have seen outflows, the difference here is our IFAs. In Continenta...