IA Global sector enjoys record £934m sales in April

Reduced UK outflows

clock
Tilney's Jason Hollands
Image:

Tilney's Jason Hollands

Global funds across equities and fixed income dominated net retail sales in April as the ISA season powered overall fund sales to £2.2bn, according to the Investment Association (IA).

Calling April "business as usual", the IA said net retail sales passed £2bn for the first time since the previous April, when they were £2.8bn - a welcome buck of the trend seen over a six-month period...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on UK

Neil Woodford: "Prior to the suspension being instigated, I had already announced an intention to implement a shift within the fund's portfolio."

Woodford promises 'much more liquid portfolio' when Equity Income fund re-opens

'Gap between value and price as wide as I have ever seen'

Anna Fedorova
clock 12 June 2019 •
Dan Kemp: "The UK's value is even more apparent when one factors in the impact of currency, as sterling has also fallen out of favour."
UK

Dan Kemp: What UK investors can learn from the Champions League

Set new goals

Dan Kemp
clock 31 May 2019 •
Manager of Woodford Equity Income Neil Woodford
UK

Woodford Equity Income under scrutiny as AUM drops further - reports

Draws attention of FCA

Mike Sheen
clock 30 May 2019 •