IA funds shrug off Covid-19 sell-off as retail assets return to 2019 peak

Net sales of approximately £12.2bn in Q2

Mike Sheen
clock • 2 min read

UK retail funds in the Investment Association universe saw net sales of approximately £12.2bn between April and June, recovering funds under management (FUM) to its 2019 peak of £1.3trn, following a 14% dip in the March sell-off.

Investors pulled a record £9.7bn from IA funds in March amid the peak of the coronavirus-driven sell-off, which was roughly equivalent to total net inflows in the previous year, but returned to net inflows in each of the three months that followed, IA data shows. The trade body's annual Investment Management Survey (IMS), published today (24 September) shows that the strong rebound in sales took total net retail inflows for the first half of 2020 to £8.6bn, compared to £3.5bn at the same time last year. Fixed income funds were hardest hit by March outflows, accounting for 76% of total...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read