ima research confirms popularity of cautious managed, while fofs make up quarter of retail sales
Fund of fund sales between April and June accounted for a quarter of total net retail business with Cautious Managed vehicles proving most popular, research from the IMA has revealed. Sheila Nicoll, deputy chief executive at the trade body, said net retail sales of funds of funds exceeded £900m for the second consecutive quarter, bringing funds under management at the end of the period to £25.7bn. While this was down slightly from £25.9bn in the first quarter, the figure was a marked increase from the £17.4bn under management at the same point last year. Balanced funds accounted for the...
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