View more on these topics

Corporate bond funds hit rock bottom

UK corporate bond funds saw net outflows of £228m in January, making them the least popular asset class, according to the Investment Management Association.

Other sectors to see significant redemptions were UK all companies, which saw outflows of £207.6m and UK equity income, which saw outflows of £16m.

For corporate funds the turnaround in popularity is huge, having spent 10 months in a row as the most popular asset class between the end of 2008 through until August 2009.

With net inflows of £373m, property funds started 2010 as the most popular asset class, while total net retail sales for the month totalled £1.8 billion.

This, according to the IMA, is the highest sales figure recorded for any January and is some 55 per cent higher than January last year. However it is below the £2.2bn recorded in December.

Equities accounted for 30 per cent of all net retail sales, taking in £549m, while sales of bond funds registered at 317m, aided largely by sales of strategic bond funds. The £ strategic bond sector was the second most popular sector in net sales terms, taking in £284m.


Annuity income data

The Retirement Strategy data pages are designed to offer a wide ranging view of the current annuity rates being offered from providers including impaired, flexible and asset-backed annuity options. The pages also put current rates into historical context, offer the latest annuity best-buy tables and give a general overview of the type of products each […]


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