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Bond funds take half of inflows as investors stay cautious

The Investment Management Association says net retail sales fell markedly in May, with over half going into bond funds.

The figure fell to £653.3m from £1.54bn in April although it was up from £317m in February and £409m in March. It compares with net retail sales of £1.1bn in May 2007.

Bond funds saw net retail sales of £366m in May while equity funds had net retail outflows of £156m.

The specialist sector saw the biggest net inflow of retail sales at £212.7m, of which £83.1m came through commodity funds and £56.9m through property funds.

The UK all companies sector saw the biggest net retail outflow at £374.8m.

Net institutional outflows from equity funds were £768m in May while bond funds saw net institutional sales of £206m.

Total UK funds under management stand at £453.7bn, a small rise from April’s £450.6bn but down from £471.6bn in May 2007.

Chief executive Richard Saunders says: “May saw respectable levels of new retail investment after the recovery in April but sales are still well below the levels of 2007 and investors continue to remain cautious in their choice of asset class.”


Generation gain

IFAs like to think of themselves as the natural place for a consumer to turn for advice but research from Zurich suggests that the reality is vastly different. In a survey conducted by YouGov, only 16 per cent of consumers said they had an adviser. A further 27 per cent said they had previously had an adviser but not presently and 57 per cent said they had never taken financial advice.

Briault gets a £528k payout

Former FSA retail markets managing director Clive Briault was given a £528,952 compensation payout after leaving the regulator following the Northern Rock debacle.

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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