Cautious Managed tops April sales - IMA

Net retail sales for the sector were £406m for the month with the second most popular £ Strategic Bond, followed by Unclassified, Property and Global Bonds. As global stock markets continue to fall on concerns about the stability of the eurozone, retail investors are avoiding pure equity sectors which do not feature in the top five bestsellers. North America is the highest ranking equity sector at number six. Meanwhile UK All Companies suffered the highest outflows to be the worst IMA sector for net sales. Total net retail sales across sectors stood at £2.3bn in April, an increase ...