Retail investors are continuing to flock to fixed income funds, topping up their positions by over £500m last month, despite the rally in equities, Investment Management Association (IMA) figures show.
The IMA revealed the top three best selling sectors in February were all fixed income - £ Corporate Bond, £ Strategic Bond and Global Bond - although sales dipped slightly on the previous month. Funds in the Corporate Bond space saw net retail sales of £254m, down from £303m in January, while Strategic Bonds saw inflows of £148m, well below the monthly average for the previous 12 months of £224m. Global Bond had sales of £140m - a jump on the monthly average of £14m. Equities still saw positive inflows of £249m overall, particularly in the Global Equity Income peer group which was ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
