Retail fund sales hit record £8.3bn in November - IA data

Equity offerings see £4.1bn net inflows

David Brenchley
Vaccine breakthroughs buoyed investor sentiment in November

Vaccine breakthroughs buoyed investor sentiment in November

Investors ploughed a record £8.3bn into funds during November as vaccine breakthroughs and the US Presidential election buoyed market sentiment, according to Investment Association (IA) data.

Net retail sales for November hit £8.3bn, crashing through the previous monthly record of £5.7bn set more than three years earlier. Stock funds were the main beneficiary, with £4.1bn in net sales, as...

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