Funds of funds passed £30bn in assets under management for the first time in Q1, with net sales of £...
Funds of funds passed £30bn in assets under management for the first time in Q1, with net sales of £821m according to the latest IMA figures. Ethical funds under management also passed £5bn for the first time, with net sales of £99.8m almost double those in the last quarter of 2006 and three times higher than the same period last year. On the fund of funds side, net sales were up from £729m in Q4 2006, but down 12% from £936m in the first quarter of last year.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
