Total net retail sales reached their second highest level for 2015 in November at £1.7bn, according to latest figures from the Investment Association.
Equities continued to be the best-selling asset class for the seventh month in a row with net retail sales of £1.1bn. The UK was the best-selling region for equity funds with net retail sales of £611m, followed by Europe with £367m and Japan with £134m. Global and North America were back in the black following outflows in October while Asia was the worst-selling region with outflows of £78m. UK Equity Income returned as the best-selling sector with net retail sales of £448m followed by October's top-seller Targeted Absolute Return at £306m and Europe exc UK at £232m. Investors...
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