Reopened property funds shed £166m amid record month for UK funds industry
L&G UK Property fund assets fall £500m in the six weeks after it lifted its seven-month suspension
Investment Association
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Fraudsters use Covid crisis to dupe retail investors out of £10m
Investment Association reports the number of incidents involving clone firms has quadrupled
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IA move to split up Global Bonds sector risks confusing casual investors
Fund buyers welcome proposal but 10 sub-groups risks overwhelming less sophisticated investors
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Investors yank close to £1bn from UK equity funds for second month running
Savers still shunning UK equity as they plough £1.6bn into funds market
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European funds more unloved than absolute return as outflows hit £500m
IA Europe ex-UK overtakes IA Targeted Absolute Return as the worst-selling sector in May
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Targeted absolute return loses £491m in bumper month for UK funds industry
£4bn net flows in April still fall well short of compensating for mass outflows in March
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Labour meets with asset management industry to mend relationship after Jeremy Corbyn
Investment Association welcomes the change in approach
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Terry Smith trashes Investment Association over equity income decision
Fundsmith founder reveals the one type of business investors should consider for dividends
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IA suspends equity income yield requirements as dividends slashed by £21bn
But ability to store income means investment companies have not experienced same hiccups
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IA warns against unnecessary coronavirus dividend cuts as banks slash £7.5bn
Largest UK lenders bow to pressure from the Bank of England over shareholder payouts
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Investors pulled £150m from property before M&G suspension
But UK equity funds enjoyed inflows in time for the UK general election
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Investment Association splinters emerging market debt sector
Majority of funds will fall into a new hard currency sector