Balanced and money market funds were the main winners amid record retail outflows in November, the I...
Balanced and money market funds were the main winners amid record retail outflows in November, the IMA's latest monthly sales figures have revealed. Property funds lost £253m over the month, amid outflows of £333m in net retail sales. Overall, equities suffered outflows of £606m. Including institutional sales, the net outflow from property funds was £494m, or 3.6% of total funds under management in the asset class. Isas were also hit, with net sales seeing outflows of £50m after losing in £31.4m the previous month. This comes after net fund sales held up well during October despite ...
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