Eleven months on top for equity funds in UK

Net retail sales of UK funds exceeded £1 billion for the eleventh month in a row in February, with equity funds leading inflows in all eleven months.

The net retail sales of £1.8 billion (€2.2 billion) combined with a net £921 million in institutional inflows brought funds under management to £783 billion, according to the figures from the Investment Management Association (IMA).

“Strong fund sales continued in the second month of 2014 with investors continuing to favour equity funds,” says Daniel Godfrey, chief executive, IMA. “UK equity funds in particular are seeing the best net retail sales for some time.”

The UK figures mirror an effect seen around the world in the past year, in which money flowing into equity funds has helped to drive significant growth in developed stock markets.

Bonds have largely been left behind in this drive to pump money into stocks. In the UK in February, the best-ranked fixed income category, strategic bond funds, came only fifth in terms of inflows.

©2014 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST