There has been a surge in net retail sales of overseas domiciled funds compared to June last year, according to the IMA's Investment Fund Statistics for June 2009.
While net retail sales of overseas domiciled funds in June were less dramatic than the preceding month's inflows, they contrast sharply with an outflow of £183.2m the previous year. In June 2009, overseas domiciled funds saw an inflow of £44.2m, compared to May's gain of £139.4m. Similarly, net retail sales of overseas domiciled investment fund ISAs saw an inflow of £0.9m in June 2009 compared to a rush of £1.7m into funds the previous month and an outflow of £1.9m in June last year. Overseas funds under management of £17.8bn in June 2009 remained roughly the same as in May, but ha...
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