Responsible investment funds have seen record retail net inflows of £7.1bn in 2020, with investors adding £3.1bn in the third quarter of the year, figures from the Investment Association (IA) show.
The latest IA fund flows data, published today (5 November), show responsible fund assets totalled £40bn at the end of September and now represent 3% of industry AUM. IA CEO Chris Cummings said responsible investment funds are "a beacon for how savers can put their money to work to support positive change globally, and our industry can be proud that these funds are reaching new heights of popularity". Overall, UK savers put £5.3bn into retail funds in Q3, up from £1.9bn at the same time last year. The data show a divergence between retail investor and institutional appetite in Sept...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
