Property tops retail sales as Corporate Bond suffers outflow

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Property was the top selling net retail sector for the first time in over two years in October, as Corporate Bonds slumped to a net outflow.

IMA Property saw a £367.6m net retail inflow in October - ahead of the Unclassified, Absolute Return and £ Strategic Bond classifications. The £ Corporate Bond sector had a £11.8m net retail outflow, just under the £14.9m net redemption from the UK All Companies sector. Total net retail sales were £2.4bn over the month; the seventh consecutive month the £2bn mark has been reached. Gross ISA sales of £965m were the highest ever for any October - and the highest monthly figure outside the ISA season since June 2000. "October was the first month in which the over 50s could use their I...

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