Distribution heads said they were positive on the outlook for fund sales in the retail space this year despite the latest figures from the Investment Association (IA) revealing net flows plummeted £41.3bn to £7.2bn in 2018.
The trade body attributed the huge drop to a "perfect storm of uncertainty" as Brexit, US/China trade tensions, the declining Turkish lira and the Italian budget crisis weighed on investor confidence....
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Active funds took 'brunt of selling' during the month
400p per share
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'Final piece in the puzzle'
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