Retail fund sales plummet after strong 2014

In January, retail funds saw net sales of just £320m compared to £1.7bn of inflows in December, a sign, it has been suggested, of investor nervousness given markets' performance in the second half of last year and earnings setbacks reported by some heavyweight companies. The figure marks a reversal of the trend for rising inflows seen throughout 2014, when net sales hit their highest level since 2010. January's sales were down 72% on the same month in 2014, when net retail sales hit £1.1bn. The UK All Companies sector, which had already suffered a £1.2bn outflow in 2014, lost a fur...