View more on these topics

IMA: Fixed income asset class sees first outflows since 2008


The fixed income asset class has seen its first monthly outflow for net retail sales since October 2008 as equity funds had their best month since 2000, according to the Investment Management Association.

Fixed income funds saw an outflow of net retail sales of £85m in January, compared to an inflow of £710m in January 2012.

Equities remained the bestselling asset class for the fifth month in a row with net retail sales of £618m, compared to £252m in January 2012.

Global Emerging Markets retained its position as the bestselling individual IMA sector in January with net retail sales of £223m.

Europe ex-UK and Asia-ex Japan were the second and third bestsellers with net retail sales of £207m and £203m respectively.

UK All-Companies was the worst performer with an outflow of £354m in net retail sales.

Funds under management in January reached a record level of £688bn, up 16 per cent from January 2012.

IMA chief executive Daniel Godfrey says: “As happens most years, net retail sales in January were lower than December. One factor was reduced sales of fixed income funds continuing the decline in these sales that we have seen since last summer. However, retail investor interest in equity funds was strong for the fifth month in a row, with four equity sectors in the top five selling sectors this month. European equity funds had their best month since 2000.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm