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Corporate bond funds see further outflows

Corporate bond funds saw their second month of net outflows in November, according to the Investment Management Association.

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.



Lib Dems attack Tory tax cuts

The Liberal Democrats have hit out at Tory proposals to cut inheritance tax and stamp duty, saying it will result in a £7bn shortfall.

More flexibility on alternative assessments

Aifa welcomes the FSA’s more flexible approach to alternative assessments for QCF level four and its plans to extend their availability beyond 2012. The FSA consultation paper on delivering the retail dist- ribution review proposed a more flexible approach to alternative assessments for people who do not want to sit oral or written exams. The […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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