Global Emerging Markets (GEM) was the best-selling Investment Management Association (IMA) sector for the first time ever in October, the latest sales figures reveal.
The IMA fund sales data for the month show GEM posted net retail sales of £228m, well above its monthly average of £86m over the previous 12 months. UK Equity Income, Sterling Strategic Bond, Mixed Investment Shares 20-60%, and Global Equity Income were the other most popular sectors over the month. The statistics also show equities were the top asset class for the second consecutive month, outstripping sales of bond funds. Equities saw net retail sales of £550m, the highest since April 2012, compared to net retail sales of £336m for bond funds. This is a slight improvement from la...
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