Flows into unit trusts and Oeics disappointing

Retail investors have been favouring UK equities over the summer but overall flows into unit trusts...

Retail investors have been favouring UK equities over the summer but overall flows into unit trusts and Oeics remain low. Investment funds under management in July fell 2% from the previous month according to the latest IMA statistics but remain 10% higher than the same month last year. Net sales of Isas have also dropped 36% over the previous month to £353.3m But while the most popular sector in July was UK All Companies, attracting £580m or 26% of the market, it also suffered from considerable outflows with net sales reaching only £46m. In contrast the UK Equity Income sector benefite...