Equity funds took in £2.9bn in net retail sales in April, marking almost half of the net inflows across asset classes during the month, which amounted to £6.2bn.
According to the latest Investment Association data, the Global sector was the bestseller during the month, taking in £1.7bn. Asian and Japanese equity funds were also popular, with net inflows of £245m and £161m respectively. Inflows into other regional funds were small, with UK taking in just £46m and North American funds, £22m. European equity funds even suffered small outflows of £72m. However, in the UK, the IA UK Smaller Companies sector saw particularly strong demand, taking in its highest inflows since the record £279m in December 2019. Chris Cummings, CEO of the Investm...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
