Retail sales positive but equities still out of favour in 'damp squib' ISA season

Total net retail sales for March were positive with inflows of £379m, after outflows of £436m and £399m in January and February respectively during a volatile start to 2016.  Ahead of the ISA deadline, fixed income funds were the best-selling asset class with net sales of £235m, following by mixed asset funds at £190m and money market funds at £141m. However, equity funds saw a net retail outflow of £459m. This is the third month in a row that the asset class has seen outflows.  The biggest hit was in UK equities, which suffered £430m in outflows. Global and Japanese equity fund...