Fund sales: equities beat bonds

RunnersEquities overtook bonds in August, according to the latest net retail sales statistics by the Investment Management Association.

Equity funds saw net retail sales of £515 million. Although this is still below the monthly average of £606 million for the previous twelve months, it has become the best selling sector in the UK.

Net retail sales of bond funds dropped to £108 million, the lowest level since the start of the year and well below the monthly average of £495 million for the previous twelve months.

Balanced was the second highest selling asset class with net retail sales of £347 million while Property saw net outflows of £52 million, the first outflow since March 2009.

Net retail sales of Bond funds totaled £108 million in August, the lowest level since January 2011 and well below the monthly average of £495 million for the previous twelve months.

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