Having suffered two moderate quarters, net retail sales of funds bounced back in April to £1.5bn, achieving their best performance in over a year, according to the latest statistics from the IMA.
After four months of outflows, investors appear to be putting money back into property funds, which benefited from inflows of £71m. This comes after inflows of £21.4m into the sector in March. In addition, £630m was invested in bond funds, followed by £478m in equity funds. Institutional holdings of unit trusts and OEICs saw net inflows of £722m with money market funds accounting for net inflows of £365m. Meanwhile funds under management of UK domiciled investment funds was £450.3bn in April, a rise of 4pc from the March total and 2pc lower than April 2007. The newly launched IMA Abso...
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