Investors ditched fixed income funds - corporate bond portfolios in particular - and opted for UK and European equities in November as the great rotation becomes more and more visible, according to the latest figures from the Investment Management Association (IMA).
The data revealed equities dominated with net retail sales of £935m in November - its eighth month as the best-selling asset class. The majority of the flows were focused on UK and European equities, with net retail sales for UK equities jumping to £409m - more than two-and-a-half times the average for the previous twelve months. European equity sales were also well above average, at £240m. Japanese equity funds also took their share with £117m of net retail sales, the highest level since February 2011. By contrast, net retail sales for Asian and global equities fell below the 12 m...
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