Retail investors piled into risk-managed funds in November, with the Volatility Managed sector the best-seller for the first time since its launch in 2017, according to the latest Investment Association (IA) statistics.
The Volatility Managed sector saw a record high of £411m in net retail sales, more than double the average monthly inflows since its launch and comprising a quarter of all fund sales. In second and third place were the Mixed Investment 40-85% Shares and North America sectors with net sales of £299m and £292m respectively. The Targeted Absolute Return sector was the worst seller with outflows of £656m. Meanwhile, investors flocked back to UK equities, with net retail sales of UK equity funds reaching a six-month high in November. The asset class saw its best month of net retail sale...
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