It’s unlikely that any end-of-year quizzes asked which part of the market was most unpopular with UK investors in 2019, writes Laura Suter, but it’s a pretty interesting answer...
And that answer is Absolute Return funds. (Also, tell me if any quizzes like this exist and I'll be along like a shot next year). Absolute Return funds were the worst for retail sales in seven of the 11 months we have figures for so far in 2019, based on the Investment Association's monthly data dump. Investors were so disgruntled with the sector that they have been redeeming money every single month since July 2018, although this really ramped up in November 2019 when £656m was whipped away from Absolute Return fund managers. In total, since those outflows started, £1 for every £11 i...
To continue reading this article...
Join Professional Adviser for free
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
