Equities attract nearly half of £6.2bn net April fund sales

ISA sales soar in April

Anna Fedorova
clock • 2 min read

Equity funds took in £2.9bn in net retail sales in April, marking almost half of the net inflows across asset classes during the month, which amounted to £6.2bn.

According to the latest Investment Association data, the Global sector was the bestseller during the month, taking in £1.7bn. Asian and Japanese equity funds were also popular, with net inflows of £245m and £161m respectively. Inflows into other regional funds were small, with UK taking in just £46m and North American funds, £22m. European equity funds even suffered small outflows of £72m. However, in the UK, the IA UK Smaller Companies sector saw particularly strong demand, taking in its highest inflows since the record £279m in December 2019. Chris Cummings, CEO of the Investm...

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 Equities

Partner Insight: Are global equity markets shifting in our favour?

Partner Insight: Are global equity markets shifting in our favour?

Orbis Investments
clock 30 October 2024 • 3 min read
Net gains: What a tennis great can tell us about equity investing

Net gains: What a tennis great can tell us about equity investing

'When you lose every second point you learn not to dwell on every shot'

Sheldon MacDonald
clock 16 September 2024 • 4 min read
Partner Insight: Value and growth investing in the age of AI

Partner Insight: Value and growth investing in the age of AI

Vanguard combines the expertise of active equity fund managers with distinct investment strategies. This can provide a balanced approach to AI opportunities.

Madison McCall, Active Product Specialist, Vanguard, Europe
clock 10 September 2024 • 7 min read