Advisers made gross retail sales of £6.6bn in June, representing nearly a third (31%) of the market share, up from a quarter (25%) last year, according to monthly Investment Association (IA) figures.
Advised investment sales fell slightly between May and June, however, down from a 33% to a 31% share of the retail market. Intermediaries including UK IFAs market share has continued to waver between 28% and 33% since February, having fallen from 36% in January. Mixed Asset Mixed Asset was the best-selling asset class with £430m in net retail sales, while Mixed Investment 40-85% Shares was the second best-selling IA sector with net retail sales of £272m. In terms of region, Europe and UK funds each experienced net retail outflows of £280m. UK gilts lead the way in latest FE Pa...
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
