Retail fund sales last year were at their highest level since 2010, according to the latest figures from the Investment Association (IA).
Net retail fund sales last year reached £20.8bn, and equity topped the sales chart as the best-selling asset class with retail inflows of £8.6bn. The best-selling IA sector during the year was UK Equity Income, while property also saw record-breaking inflows of £3.8bn. In contrast, the worst-selling sector was UK All Companies, with net retail outflows of £1.2bn. Total funds under management reached a new record of £834bn, up from £771bn the previous year. Active funds were not the only ones seeing record inflows: tracker funds brought in a total of £4.7bn, leading to 23.5% increas...
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