View more on these topics

IMA stats reveal continued absolute return demand

Absolute return funds continued as the most popular retail sector in August, according to figures from the Investment Management Association.

The products topped the sector inflows list for the third month in succession taking in £150.3m of assets, down from the £214m taken in July.

Property funds again saw netail retail outflows, losing £42.4m, while the Europe ex-UK sector was the biggest faller with £143m of outflows.

Net retail sales reached £90m, down from £741.1m taken in 12 months ago. This was largely driven off the back of absolute return funds, while equity funds saw an outflow of £344m.

Funds under management of UK domiciled fund were up 3 per cent from the previous month to £426.5bn, but down 7 per cent from 12 months ago.

IMA chief executive Richard Saunders says: “August’s figures are an improvement on the retail outflow in July, albeit a modest one. Investor sentiment remains cautious during this time of volatility with Absolute Return funds continuing to be the most popular sector.”

Recommended

IMA slams structured risks

Investment Management Association chairman Robert Jenkins has urged regulators to tackle the opaque nature of structured products, with advisers’ concern rising over potential losses created by products underwritten or powered by Lehman Brothers.

Brokers fear buy-to-let drought

Mortgage brokers have raised concerns over the future placing of Bradford & Bingley’s buy-to-let customers and fear that a funding drought will affect the whole market.

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com