Net inflows of £5.1bn have surged into funds of funds over the first three quarters of 2010, higher than any other annual sales level.
The year to date net sales has pushed up the funds of funds market share to 9.6% of total retail assets under management - which is also the highest on record. There is now £52bn invested into funds of funds, a 31% increase on the £39.7bn at the third quarter of 2009. Over 25% of this sits in the Balanced Managed sector. Unclassified and Cautious Managed were the best selling fund of funds sectors in the third quarter. All four Balanced sectors, consisting of Active Managed, Balanced Managed, Cautious Managed and UK Equity and Bond Income, saw the highest inflows on record in Q3 at...
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