early bullishness sees equity fund

Equity funds saw monthly inflows for the first time since August 2011 in January, but investors are still overwhelmingly showing a preference for bond funds, with the asset class seeing its highest monthly sales since October 2010.

early bullishness sees equity fund

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According to latest stats from the IMA, total net retail sales hit £998m in January, with £671 feeding into fixed income funds – more than 10 times the £63m in equity fund sales.

The amount flooding into fixed income funds was also well above the monthly average of £376m seen in the previous 12 months.
Mixed asset funds also saw positive net retail sales of £135m.

Richard Saunders, chief executive of the IMA, said: "January saw an uptick in fund sales, with investors adding almost £1bn to their portfolios. Fixed income funds saw their highest sales since October 2010, with strategic and corporate bond funds particularly popular.

"Following four months of consecutive outflows, equity funds saw positive sales in January, with investors favouring emerging market and Asia equity funds."

The top five selling IMA sectors in January were: Corporate Bond, Strategic Bond, Absolute Return, Global Bonds and Asia Pacific ex-Japan.

 

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