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.”