The sector took £683.7m of inflows for April, down from the £935.1m taken in the previous month. The biggest outflows came from global emerging markets at £243.1m
Of the total £2.1bn net retail sales, £1bn was invested in bond funds while equity funds took in £579m. Institutional holdings of unit trusts and Oeics saw an outflow of £69m.
Funds under management of UK domiciled investment funds were £374.9bn in April, up 8 per cent from the previous month but down 17 per cent on the £450.9bn from April 2008.
UK domiciled Isa funds under management of £74.1bn were 9 per cent up on the previous month. UK domiciled investment fund Isas saw a net inflow of £671.4 million in April 2009, up 93 per cent on the previous month’s inflow of £347.7 million and up 44 per cent on the previous year.
Overseas funds under management of £16.7 billion in April 2009 were up 5 per cent on the previous month and previous year.
IMA chief executive Richard Saunders says: “Retail sales continued the strong showing of 2009 so far with inflows to bond funds in April exceeding £1 billion for the fifth consecutive month. The figures also confirm that April saw the highest ISA sales in three years.”