GEM fund sales hit record as investors flee UK vehicles

Global Emerging Markets funds saw a net retail inflow of £336m, an all-time monthly high, as investors increasingly look to up allocation the rapidly growing developing world. At the same time, the UK All Companies sector suffered another sharp month of redemptions, with retail investors pulling out a net £239m. It followed a net retail outflow of £74m in September. Absolute Return was the second most popular IMA sector in October, with £285m in net retail sales, followed by Global Bonds at £262m. Overall, October saw £2bn of net retail sales, the ninth month of inflows more than £...