Global emerging markets (GEM) funds saw a jump in net retail sales during April, according to the Investment Association, while the UK Equity Income sector has returned to inflows after ten months of outflows.
According to April statistics, GEM funds saw net retail sales of £267m during the month. This compares to outflows of £40m in the previous month and is the largest monthly inflow for the sector over the past year. The move sees the GEM sector jump from 30th most-popular sector in March to fourth. Bond funds in the sector also saw inflows of £68m, up from £23m in March. Alastair Wainwright, fund market specialist at the Investment Association, said: "Although not the best-selling sector, it was notable that the global emerging markets sector attracted significant net retail inflo...
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
