Fund of funds hit record AUM

clock

Assets under management within fund of funds have reached a record level of £46.5bn, according to the IMA.

Net retail sales of funds of funds totalled £1.2bn, ranking as the sector's best quarter, up 61% on Q1 2009. Cautious Managed was the best selling sector, accounting for 34% of all funds of funds net retail sales in Q1. However, the Balanced asset class accounted for the highest proportion of total funds under management for funds of funds at 62%, while the Balanced Managed sector had 27% of all funds of funds. In stark contrast, net retail sales of ethical funds in the first quarter were one of the lowest on record. Sales totalled £16m, significantly lower than in the previous two...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers notice growing client demand for bespoke investments

Advisers notice growing client demand for bespoke investments

Want access to ETFs, investment trusts, equities, bonds and AIM shares

Isabel Baxter
clock 17 April 2025 • 2 min read
FCA outlines final CCI ruling timeline as it brings out second consultation

FCA outlines final CCI ruling timeline as it brings out second consultation

'Detailed engagement' to continue

Eve Maddock-Jones
clock 16 April 2025 • 3 min read
Talking with… Rathbones Asset Management's James Thomson

Talking with… Rathbones Asset Management's James Thomson

The series continues as Richard Romer-Lee chats to James Thomson

Richard Romer-Lee
clock 14 April 2025 • 4 min read