Fund of funds sales grew by £400m in the second quarter with cautious managed vehicles proving the m...
Fund of funds sales grew by £400m in the second quarter with cautious managed vehicles proving the most popular. Latest IMA figures show Fof sales stood at £1.2bn in Q2 2007, up from £820m in the first quarter. The £1.2bn figure was broadly on a par with the same period last year. Cautious managed sales in the quarter were £566m. Ethical funds under management also grew, with retail sales in Q2 2007 up to £138m from £100m in Q1. This is a huge increase on Q2 2006 when ethical fund sales stood at £26m.
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