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
Responsible investment funds were the biggest winners of inflows, according to the IA.

Responsible investment funds were the biggest winners of inflows, according to the IA.

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...

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