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FoF and ethical fund sales fall as trackers win inflows

Net tracker fund sales reached record highs in the opening quarter of the year, although funds of funds and ethical funds witnessed a fall in popularity.

According to the Investment Management Association, net retail sales of trackers amounted to £661m – up from £528m one year earlier and the highest seen by the association since it started analysing sales in 1992.

Tracker funds under management reached £43.3bn in the first quarter, rising 7 per cent from £40.3bn in the opening three months of 2011.

Net retail sales of FoFs fell from £1.7bn in 2011’s first quarter to just £396m. Funds under management in the class amounted to £64.2bn, compared with £58.8bn in the year before.

Ethical funds garnered £26m in net sales, down from £85m, while assets under management stayed constant at £7.2bn.

The amount of money held in all funds amounted to £3.8bn at the end of the first quarter, down from the £6.2bn one year before.

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  1. Vanguard offer two very “Light Green” SRI trackers. One UK equity and one European Equity which when used on a platform can be used to create a template to approximately match Vanguard’s Lifestrategy approach using additional funds Like Kames Ethical Corporate Bond and any of a variety of Gilt Funds if you accept by living IN the UK and paying your taxes, you have to vote for Ethics too.

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