View more on these topics

UK All companies funds witness £690m outflow

Funds in the UK All companies sector saw net outflows of nearly £690m in March according to the Investment Management Association, making the sector the least popular among retail investors.

Net retail sales of £ corporate bonds funds meanwhile moved back into positive territory in March, with the sector seeing a £62.5m inflow of funds. In February and January the sector had been the least popular, witnessing a £140m net outflow in February.

Meanwhile, sales of £ strategic bond funds topped the net retail sales rankings for the second month in a row, attracting sales of £476.6m. This is up from the £278m of sales generated by the asset class in February and is considerably higher than the second most popular sector-global Bonds-which generated a net inflow of £295m in March.

According to the IMA, net retail sales in March totalled £1.8 billion-slightly down from £1.85 billion in February. Bonds took over from equities as the highest selling asset class, with £930 million in net retail sales in March, representing around half all net retail sales in the month.

In terms of Isa, the IMA says the 2009-10 tax year proved the highest for Isa sales since 2001-02, with British investors saving £3.5 billion.

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