Net retail sales for June were only £140m compared to £748m in June 2008, with the biggest net inflow into the ‘other' category, driven by absolute return funds.
According to IMA data, the Absolute Return sector was the most popular UK domiciled net retail sector with inflows of £214m. These multi-asset funds have proved popular with investors in volatile markets as they are designed to offer protection when markets fall. Unsurprisingly, the sector with the biggest net retail outflows in June 2008 was the UK All Companies sector on £164.7m. Equity funds as a whole recorded outflows of £371m while the month was also weaker for property funds with outflows of £14m. However, balanced funds managed inflows of £126m. Institutional holdings of unit tru...
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