Fixed income funds suffered their highest net outflows since June 2013 in September, as retail investors pulled £515m from the asset class, according to IA figures.
The asset class has now seen net outflows every month since May, including £333m in August. A total of £237m was pulled from the £ Corporate Bond sector and £154m from £ Strategic Bond during September, as well as other sectors. Meanwhile, equities were the best-selling asset class for the fifth consecutive month, with net retail sales of £1.1bn compared to an outflow of £59m in September 2014. UK investors return to home shores as equity inflows soar UK Equity Income was the best-selling sector with sales of £445m. It has been the top seller for seven out of the past 12 months,...
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