Retail funds continue bounce back with £4.7bn May inflows

The IA reported strong net sales into active funds with £3.5bn in May sales. This was double the net retail sales of tracker funds which totalled £1.3bn. Bond fund sales doubled from April with £1.9bn in May, while responsible investment funds saw another month of strong inflows with £911m during the month. IA chief executive Chris Cummings said: "It was steady as she goes for the fund market in May, as net retail sales continued their stable recovery after significant outflows in March. "Building on strong inflows in April, active funds ​were boosted by £3.5bn in May, while tracke...