September's roaring fund sales cements 2017 as best ever year

The IA reported net retail sales of £5.6bn in September, dwarfing last year's comparable figure of £1.1bn. As 2017 has seen the six highest-selling months on record, the year has already become the best ever in terms of fund sales, with net retail sales totalling £33.7bn to the end of September. Fixed income was the most popular asset class with net retail sales of £1.8bn - the largest monthly inflow into the asset class - while the Sterling Strategic Bond sector was the best-selling category with net retail sales of £985m. At the sector level, this was closely followed by Global w...