IA reports first monthly retail outflows since Brexit vote

Negative retail sales in August

Laura Dew
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Investment Association chief executive Chris Cummings
Image:

Investment Association chief executive Chris Cummings

Monthly net retail sales were negative in August for the first time since the 2016's EU referendum with £217m of outflows, according to the latest Investment Association statistics.

Europe and UK equities were worst affected by negative sentiment which meant total funds under management for the IA universe remained flat at £1.2trn.  UK equity funds, which combine the IA UK ...

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