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Equities overtake bonds after best sales in a decade, IMA stats

Equities replaced bonds as the most popular asset class among investors in 2010, attracting net retail sales of £7.5bn in 2010, according to statistics from the Investment Management Association.

In 2009 bonds topped the asset class rankings, but according to the IMA sales of equity funds in 2010 were at their highest level since 2000. Net retail sales of bond funds slipped from £9.9bn in 2009 to £7bn in 2010.

In term of sector, with net retail sales totalling £2.7 billion, the £ strategic bond sector was the popular peer group in 2010, up from being ranked third in 2009 after sales of £2bn.

The global bonds sector rose 11 places from 13th in 2009, after sales of £900,000, to second in 2010, after attracting net retail sales of £2.4bn.

The least popular sector in 2010 was Europe excluding UK, which saw net outflows of £814.4m.

UK all companies, UK equity bond income, money market and Europe including UK make up the rest of the five least popular sectors.

The UK All Companies sector saw £636.8m of redemptions over the year.

As a whole net retail sales totalled £23.9bn in 2010, down on 2009’s record total of £25.9bn, but still the second highest year on record for fund sales.

Isa sales in 2010 had their best year since 2001, with net retail sales of £3.9bn.

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