Retail funds are set for a fourth quarter in the red, according to Lipper Feri's Pridham report. Th...
Retail funds are set for a fourth quarter in the red, according to Lipper Feri's Pridham report. The research house said the Lehman Brothers collapse impacted on net retail sales for Q3 turning negative, slumping as low as -£529m. Editor of the UK Fund Sales Report Bella Caridade-Ferreira said: "Sales have generally been lower in 2008 because retail investors have been squeezed by the sharp rise in the cost of living and higher interest rates, but September's extraordinary events sent even the most sanguine retail investors running for the exit." Though outflows this quarter were cont...
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