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Unit trust sales reach record level of 1.5bn

Intermediaries accounted for 49 per cent of retail unit trust sales in November, although Pep sales made up a smaller than usual proportion.

Gross retail sales of unit trusts posted a record high of 1.5bn, about 200 up on last month.

Gross Pep sales of 664m, although up on last month, contributed a lower than average 43 per cent of the overall retail total.

Total net sales of unit trusts reached 845.7m, up from 594.4m in October and 355.8m in November last year.

The UK corporate bond sector attracted 258m from retail investors, including 124m in Peps.

The highest institutional sales were in the Europe and North American sectors, with the worst sales in the UK Growth and Far East Excluding Japan sectors.

Straw poll

Who do you think will replace Anthony Bolton on the UK special situations fund?

Fidelity European Fund manager Tim McCarron

Fidelity Income plus fund manager John Stavis

Fidelity UK aggressive manager Sanjeev Shah

Another mystery candidate from Fidelity

A mystery candidate from outside Fidelity



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