September's net retail fund sales of £5.6bn has beaten all historical records, resulting in 2017 already becoming the best-selling year since the Investment Association (IA) started, with another quarter to go.
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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
