UK retail funds saw net inflows of £642m in September, reversing outflows of £217m in the previous month, according to the latest statistics from the Investment Association.
August's outflows of £217m marked the first month of negative flows since the EU referendum in 2016, but September once again saw a turn of fortunes for UK retail funds. The biggest sector contributor to the positive flows last month was IA Mixed Investment 40%-85% Shares with net retail sales of £268m. This beats inflows into the Global sector, which was the best-seller last month, having taken in £417m. In September, it attracted positive flows of £236m. Funds in the North America sector also saw strong demand, jumping from tenth place in August with sales of just £62m to the t...
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