Third consecutive month of net outflows in Jan

January was retail industry's worst-ever month according to latest IMA figures, with negative sales of £500m

The retail asset management industry suffered its worst ever month in January, reporting negative sales over half a billion pounds. This £550m net outflow surpassed the previous month's largest ever outflow of £377m. January also represented a third consecutive month of negative sales after November's £332m outflow was the first in 15 years according to the association. IMA stats reveal retail sales peaked at £1.78bn during April last year, but have steadily declined since. Retail equity sectors were the worst hit area. They saw an £867m net outflow in January following the £854m ...