In its latest monthly statistics the IMA reveals that corporate bond funds saw a net outflow of £9.8m in November, following an £11.7m outflow in October.
For the second month running property funds are the most popular retail sector among investors, attracting a net inflow of £416.7m in November. Global emerging markets was the second most popular retail sector, with a £281m inflow of funds. For the eighth month in a row total net sales in were over the £2bn mark, at £2.4bn in November. This is up from £2.37 bn in October and considerably higher than the £991.9m of net retail sales recorded in November 2008.
Net retail sales of equity funds were nearly five times as high as bond sales in November, taking in £930m versus the £187m sales of bond funds.
Contrast this with the start of 2009 when retail bond fund sales saw an inflow of £1.4bn and equity fund sales saw an outflow of £229m.