Funds investing in UK companies attracted £295m in July as the outlook for dividend payments continued to strengthen, the latest figures from the Investment Association reveal.
July is the second consecutive month of inflows to the IA UK All Companies sector. The FTSE All-Share total return year-to-date is 11.7%. Net retail sales remained strong in July at £4.8bn, slightly up on June's inflow of £4.4bn. Net retail sales to equities were the highest of any asset class at £1.7bn for the second consecutive month. Responsible investment funds saw inflows of £1.4bn, the sixth month in 2021 where inflows have topped £1bn. Responsible investment funds under management stood at £81bn as of the end of July. Their overall share of industry funds under management was...
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