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IMA: Net sales in mixed asset funds fall more than 50%

Net retail sales in mixed asset funds have fallen by more than 50 per cent in 2012, according to figures from the Investment Management Association.

Net retail sales stood at £2.6bn for mixed assets in 2012, down 54 per cent on the £5.6bn recorded in 2011.

Fixed income was the best selling asset class in 2012 with net retail sales of £5.6bn, with equities second with £3.4bn of net retail sales. Mixed asset funds were third on the list having topped it in 2011.

The Mixed Investments 20-60 per cent Shares sector also fell from first to third in the list of most popular IMA sectors in 2012.

The sector recorded net retail sales of £1.8bn in 2012, down 47 per cent on the £3.4bn recorded in 2011.

The IMA Strategic Bond sector was the most popular in 2012 with net retail sales of £2.2bn, closely followed the Corporate Bond sector, which took in £1.9bn of assets. The UK All Companies sector was the worst selling sector in 2012 with £2bn of outflows.

For Isas, the Mixed Investment 20-60 per cent Shares sector, which was previously the cautious managed sector, was the second most popular IMA sector in 2012, with £351m of assets invested. The Strategic Bond sector led the way with £448m of Isa assets.

Skerritt Consultants head of investments Andy Merricks says: “It is not a huge surprise to see investments in mixed assets fall back, given the strong run in fixed income in 2012, which was then followed by the risk-on move into equities.

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