PROPERTY funds have taken "unprecedented" inflows in 2006 particularly during Q3, according to IMA quarterly figures.
Net retail inflows into property made up £2.4bn or 21pc of net retail sales for the year so far to the end of the third quarter. This put the sector 6pc ahead of the UK Equity Income sector, which took the second highest inflows. The IMA revealed Q3 2006 saw record inflows with net retail sales of £956m going into property funds. It said the intermediary channel was the most popular way of distributing these funds, accounting for 91pc of all gross retail property sales. Richard Saunders, chief executive of the IMA, said: “The first three quarters of 2006 have seen unprecedented inflo...
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