Net retail fund sales surpassed £1bn for the first time in 2016 in April, according to the latest figures from the Investment Association (IA), as the organisation unveils a new way of calculating its monthly data.
The IA's statistics now include sales of funds which are domiciled overseas instead of only UK funds. It has also classified the funds in the Unclassified sector by asset class, the first step in an ongoing...
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