Active funds attract second highest inflows on record in December - IA stats

The latest IA fund flows data, published today (4 February), shows equity funds were more popular than any other asset class during December, attracting net retail sales of £2.5bn. Including passives, net retail sales reached £6.2bn in December, more than double the £2.5bn taken in during December 2019. IA chief executive Chris Cummings said: "December saw a continuation of the strong net retail sales of November, with the fund market buoyed to a positive end-of-year position. Growing positivity around coronavirus vaccines helped boost stockmarket performance in December which in turn fu...