The stats published for February by the Investment Management Association show Corporate Bond, Strategic Bond and Global Bond funds as the three highest sellers. Corporate Bonds was the best seller, with £254m, down from £303m in January. A year ago, the category was the worst-selling IMA sector.
Strategic Bond was the second highest, with £148m in retail sales, with £140m of Global Bonds putting the category in third place.
The top-selling non-fixed income sector is the Global Equity Income sector with net retail sales of £131m.
The fixed income figures are showing up upward trend, but total retail sales have halved from £2.2bn in February 2011 to £1.1bn in February this year. Funds under management, on the other hand, were £586.1bn 12 months ago and were up to £615.4m last month, a 5% increase.
Perhaps surprisingly, multi-asset net retail sales fell to £123m, the lowest since March 2009.
