Sector report: UK All Companies - 'it's as much about what you don't own as what you do'

Last year started positively for the IMA UK All Companies sector. Beginning in January as one of the highest selling sectors with net retail sales of £156m, it looked like the woes of 2010, when the sector was the worst selling of the year, were a thing of the past. Positive flows continued in February when it was the fourth highest selling sector with £124m of new money. However, optimism did not last long as sales started to dip in May, with outflows of £104m. This trend continued with the sector topping the worst selling list in both July and October. This year has not been much...