Total unit trust and Oeic funds under management in the UK grew to £262bn after the industry's best ...
Total unit trust and Oeic funds under management in the UK grew to £262bn after the industry's best ever month sales in March. Sales during the last full month of Isa sales amounted to £8.2bn, an increase of 28% on last year's £6.4bn. Non-Isa or Pep business accounted for almost half retail gross sales. According to Autif, most inflows and outflows of retail business in March occurred in the Europe ex UK and UK All Companies sectors. Technology funds also attracted a significant proportion of inward investment with net sales of more than £725m going into the specialist sector, compared w...
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