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Autif says investor behaviour in 1998 is very similar to last year

Unit trust, OEIC and Pep investors are in a very similar way to last year despite very different market conditions according to the Association of Unit Trust and Investment Funds.


Autif says Pep sales are marginally down on the same period last year and in recent months there has been a shift from Equity Income funds to Corporate Bond funds, similar to the trend in 1997.


But both retail and institutional investors have continued to show an appetite for North American funds and shunned UK smaller company funds.


AUTIF director general Philip Warland says: &#34People do appear to be responding to reason rather than fear in the current turbulence and looking more to bonds for income.&#34

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