Retail fund sales pick up as investors favour bonds in Q2

Invesco Perpetual is one fund group to have benefited as investor cash begins to flow back into bonds...

Invesco Perpetual is one fund group to have benefited as investor cash begins to flow back into bonds, according to Lipper’s report on Q2 fund sales. The group was top of table for gross retail sales over the quarter, largely due to inflows into its corporate bond funds. Second was BlackRock, bolstered by sales on Mark Lyttleton’s increasingly popular UK Absolute Alpha vehicle. Lipper said the fund has contributed towards BlackRock’s 27% rise in gross sales, the sharpest increase in new business of all the groups. It also saw its net sales rise by 23%, ranking it in first place for the q...