View more on these topics

Absolute return still taking bulk of retail inflows

Absolute return continued to be the most popular UK retail sector in July, according to the Investment Management Association.

The sector saw net retail sales of £232m in July, up from £214m the previous month.

Overall, funds saw a retail outflow of £491.5m compared with an inflow of £1bn a year ago. Equity funds took the brunt of the loss, with retail outflows of £669m.

Property funds saw outflows of £76.5m but the biggest net retail outflow of £332.1m came from the Europe ex UK sector.

Net institutional outflows from unit trusts and Oeics were £1.9bn, of which £1.4bn came from bond funds.

Total funds under management in UK-domiciled funds stood at £414.3bn, down by 3 per cent from £425.3m in June and by 10 per cent from £458.2bn a year ago.

Director of markets Jane Lowe says: “With the FTSE once more under pressure in July, investors again withdrew from equity funds, with many turning to investment in absolute return funds.

“Total funds under management were also down during the month, in part owing to poor market performance.”


Take it to the banco

Latin American markets have outperformed the more developed markets over the last year, driven by minimal sub-prime exposure, strength in commodities and strong domestic growth. Until recently, most markets were in positive territory for the year but recent concerns over commodities have seen a subsequent correction which has to attractive valuations.

SLI portfolio bond hits sales of £593m

Sales of Standard Life International’s portfolio international bond have reached £593m, with sales for the first six months of this year totalling £270m.

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm