Quiet July for fund sales

UK All Companies popular with intermediaries while Japan sees net outflows

According to the latest investment fund statistics from Autif, net retail sales of unit trusts and Oeics declined from £1.2bn in July 2000 to £505m in July 2001, a 59% decrease. Net Isa sales fell 32% over the same time period from £643.2m to £437.9m but net institutional sales increased 77% from £659m to £1.17bn. Clare Arber, marketing manager at Autif, said: 'Sales of investment funds tend to slow down over the summer months but this year is quieter than usual. It seems that private investors are increasingly unwilling to commit their cash to the stock market, while the short-term out...