UK funds industry AUM reaches 'unprecedented' £1.2trn in 2017
Best-selling asset class
Chris Cummings, chief executive of the Investment Association
Net sales of fixed income funds reached record highs last year as bonds became the best-selling asset class of 2017, data from the Investment Association shows.
Fixed income funds enjoyed £14.3bn in net retail sales last year including net flows of £979m in December. This came as investors poured a record £63bn into UK-authorised funds overall, bringing total...
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