Corporate bond funds see further outflows
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Corporate bond funds saw their second month of net outflows in November, according to the Investment Management Association.
In its latest monthly statistics the IMA reveals that corporate bond funds saw a net outflow of £9.8m in November, following an £11.7m outflow in October.
For the second month running property funds are the most popular retail sector among investors, attracting a net inflow of £416.7m in November. Global emerging markets was the second most popular retail sector, with a £281m inflow of funds. For the eighth month in a row total net sales in were over the £2bn mark, at £2.4bn in November. This is up from £2.37 bn in October and considerably higher than the £991.9m of net retail sales recorded in November 2008.
Net retail sales of equity funds were nearly five times as high as bond sales in November, taking in £930m versus the £187m sales of bond funds.
Contrast this with the start of 2009 when retail bond fund sales saw an inflow of £1.4bn and equity fund sales saw an outflow of £229m.
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