IA stats: Outflows mount from UK retail funds to surpass £2bn
Bond funds severely affected
Outflows from bonds contributed to negative sales of UK retail funds
Outflows from UK retail funds surpassed £2bn in November, according to the latest monthly statistics from the Investment Association (IA) - up from £1.6bn in the previous month.
The IA statistics found net retail flows were negative for UK authorised and recognised funds with £2.1bn in outflows during the month. Over half of this came from fixed income funds, with the asset class...
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