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Bond fund sales highest since 2005, Lipper reports

Bond fund sales in Europe hit their highest level since July 2005 in February, with data provider Lipper reporting £16.1bn in sales.

Net fund sales of £23.6bn – excluding money market products – in February were the highest on record for 16 months.

However, including money market funds, inflows dropped to £13.4bn from £25.6bn in January as redemptions from money market funds took their toll.

Within bond fund sales, high yield bond products recorded sales of £5.4bn.

Equity fund sales reached £5.4bn, dominated by global equity fund sales, which contributed £2.7bn. According to Lipper £825m worth of global equity sales was related to three new launches.

Emerging market products saw £1.9bn in sales, with the Asia Pacific region generating a further £1.2bn.

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