IMA: Equity fund sales tripled in 2013 as FUM hit record high

Buoyant sales of equity and mixed asset funds helped funds under management increase 16% to £770bn between 2012 and 2013. Overall, net retail sales soared 43% from £14.3bn in 2012 to £20.4bn in 2013. Equity fund sales tripled on 2012, with the highest net retail sales since 2000 at £11.4bn. Equity funds sold better than other asset classes every month since September 2012, with the exception of March 2013. However, retail sales of fixed income funds plummeted – net outflows of £17m relegated the asset class to fifth place in terms of sales, compared to first in 2012. At a regional ...