IMA: Tracker funds net retail sales highest on record at £532m

Funds under management for tracker funds were £83bn at the end of July 2014. Their overall share of industry funds under management was 10.2%, compared with 9.4% in July 2013. The popularity of tracker funds - which offer a cheaper way to gain exposure to markets - has been steadily rising over the last ten years. In 2004 they made up just 6.1% of the industry total. Equities continued to be the best-selling asset class by far in July for the sixteenth consecutive month with net retail sales just over the £1bn mark, boosted by sales of £1bn through the UK Equity Income sector. The ...