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IMA: Bonds dominate as retail sales hit £8.1bn in first half of 2012

RichardSaundersIMA

Net retail sales have jumped to £8.1bn in the first half of 2012, with fixed income continuing to dominate, according to figures from the Investment Management Association.

The figure is almost double the £4.4bn of net retail sales seen in the second half of 2011.

Fixed income remained the biggest-selling asset class for the tenth consecutive month, with net retail sales of £417m for June. However, this figure is down on the average monthly intake of £527m over the past 12 months.

The Corporate Bond sector retained its position as the best-selling retail sector in June, with net retail sales of £223m. This is above the monthly average for the past 12 months of £212m but down on the £481m of net retail sales seen in May. This now means a fixed income sector has been the best-selling sector for 10 of the past 12 months.

Strategic Bonds was the second best-selling retail sector in June with sales of £159m, while Global Equity Income was third with sales of £133m. The Mixed Investments 20-60% Shares and Global Bonds sectors were fourth and fifth with sales of £128m and £72m respectively.

The UK All Companies sector was the worst-selling sector with a net outflow of £114m in June. The sector was the worst-selling in six out of the past 12 months.

IMA chief executive Richard Saunders says: “In June, the fixed income sectors again saw the strongest inflows, with £ Corporate Bond and £ Strategic Bond continuing to secure the top two spots.”

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