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IMA stats see upturn of inflows

The IMA stats saw an upturn in April with net retail sales at £1.5bn.

This compares to an inflow of £408m in March but is still £300m down on inflows from the same point 12 months ago.

Total funds under management reached £450.3bn in April, marking a 4 per cent rise from the March figures.

Bond funds saw the biggest proportion of assets with £630m followed by £478m in equity funds. The UK other bond sector was the most popular UK domiciled sector with £456m of inflows.

Property also pulled in inflows of £70m, while the £1.8m IMA absolute return sector also recorded grew by £170m.

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