Over half of net retail sales in May went into bond funds, according to the IMA's latest statistics. ...
Over half of net retail sales in May went into bond funds, according to the IMA’s latest statistics. Of the £653m net sales, £366m was invested in bonds. Equity funds saw outflows of £768m while bond funds saw inflows of £206m. Overall net retail sales were down from April’s £1.54bn but an improvement compared to £409m in March and a £317m in February. Richard Saunders, chief executive of the IMA, said: "May saw respectable levels of new retail investment, after the recovery in April. But sales are still well below the levels of 2007, and investors continue to remain cautious in their ch...
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