tracker fund sales hit record levels
Sales of trackers and funds of funds both hit record levels in Q3 as investors react to market volatility and economic uncertainty.
Sales of trackers and funds of funds both hit record levels in Q3 as investors react to market volatility and economic uncertainty.
The IMA is to change the definition of its Money Market sector to ensure it is line with other definitions across Europe.
Investor belief in an equity recovery is holding strong, despite a drop in overall confidence levels over the past six months, according to statistics from the IMA.
Net retail fund sales slumped to their lowest level for two years, though UK equity and bond funds sales jumped as investors flocked to domestic names.
Since its initial proposals back in May went down like a lead balloon, the IMA has been all quiet on the Managed sector front.
Plans for an IMA website revamp have been received with mixed reactions, as the organisation’s role is called into question.
UK assets under management have hit record levels, beyond their 2007 peak, though volatile markets have hit values in 2011.
The IMA’s new website plans are designed to help investors navigate their way through the thousands of funds available but there is a fine line between guiding an investor and advising them.
In response to an EFAMA paper, the IMA is taking up the battle for all retail investment products to be regulated in the same way.
Investors are having to juggle with the changing definitions of what constitutes a safe haven asset.
May Isa sales reached their highest level outside a tax season month in 11 years, the IMA reports.
European funds are among the best performers over first half of 2011.