Investors have invested more than £1bn in responsible investment funds for the seventh month in a row, as retail fund flows hit £5.3bn in August.
This is the first August that fund flows have ever exceeded £5bn, according to the latest Investment Association data, with responsible investment funds gaining $1.3bn. Tracker fund sales remained steady at £1.2bn, while the IA Global sector saw net retail sales of £1bn during the month. The worst selling IA sector for the month was UK All Companies which saw outflows of £354m. UK equities fell out of favour with investors, with outflows of £445m in August compared with inflows of £259m in July. "We have seen significant net retail sales to funds through the whole of summer 2021. I...
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