UK funds saw a severe drop in assets under management this month according to the latest figures fro...
UK funds saw a severe drop in assets under management this month according to the latest figures from the Investment Management Association. Assets were down 11% from last month and down 30% from October 2007. The most popular sector in this month was UK All Companies, making up 18% of gross retail sales of UK domiciled funds. Intermediaries remain the most used distribution channel for UK funds. The most popular net retail sector was UK Gilts with inflows of £154.8m, while the Specialist sector saw the biggest outflows with £256.1m, of which £117.2m was from property funds. Overs...
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