Global funds were the best sellers in June after attracting record interest from investors, according to the Investment Management Association (IMA).
Funds in the sector saw sales jump to £332m in June, against a monthly average of £179m for the previous 12 months. The sector has now been among the top five sellers for seven months in a row, with investors opting to be globally diversified in the face of volatile markets. Strategic bonds were the second most popular sector with net sales of £296m, compared to £182m for all five other bond sectors combined. The IMA said in gross terms, £1 in every £3 invested in bonds was invested in strategic bond vehicles in June 2011. Meanwhile total funds under management jumped from £494.6bn...
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