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Property tops fund sales league again

Property was the most popular retail sector for investors for the second consecutive month in November.

The Investment Management Association’s latest monthly figures show that property funds attracted a net inflow of £417m in November.

Global emerging markets ranked second on net retail business with a £281m inflow while corporate bond funds saw their second month of net outflows, with £9.8m leaving in November after an £11.8m outflow in October.

Net retail sales of equity funds were nearly five times as high as bond sales in November, taking in £930m against the £187m figure seen for bond funds. This contrasts markedly with January 2009 when retail bond fund sales saw an inflow of £1.4bn and equity fund sales saw an outflow of £229m.

Whitechurch Securities head of research Ben Willis says: “It does not surprise me, we went into property as early as October. We had participa-ted in the opportunities in the corporate bond market and deliberately went overweight there at the beginning of last year and moved out, reallocating a small amount of the proceeds to property and the rest back into equities.”

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