Record year for Europe, trackers and money market funds

According to the Investment Association's year-end statistics for 2015, European equity funds saw the strongest sales in 2015, while UK equity products saw sales drop to £1.9bn from £5bn in 2014. Tracker funds also had a record year, as funds under management in these products hit an all-time high of £108bn while money market funds saw record net retail sales of £591m. As a whole, equity was the best-selling asset class in 2015, with total net retail sales of £8.4bn, followed by property with £2.7bn and mixed asset which drew in £2.5bn. However, despite a drop in demand for UK equi...