Property funds have topped the latest sales charts from the Investment Management Association (IMA), with retail investors pumping a net £491m into the asset class in May.
The figure represents the highest level of retail inflows since December 2009, and the first time the IMA Property sector has topped the trade body's monthly rankings since January 2010. Overall net retail sales for May stood at £1.9bn - close to the £2bn average of the last 12 months, with equity funds once again the highest selling asset class with net sales of £558m. Property funds have enjoyed a run higher over the last five years, the average fund in the sector returning 67% over the last half decade. Daniel Godfrey, IMA chief executive, said: "After the rush of the ISA seaso...
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