Commodity and property funds rule Sept sales

Commodity and property fund sales dominated retail fund sales in September while the struggling UK C...

Commodity and property fund sales dominated retail fund sales in September while the struggling UK Corporate Bond sector was once again out of favour with the market. The IMA said the Specialist sector saw the largest net retail inflow of £267m, of which £69m was in property funds and £118m through commodity funds. The sector with the biggest outflows in September was the UK Corporate Bond sector, with net outflows of £119m. Overall, funds under management reached £468.3bn last month, up 2.5% from August. Fund sales through Isas stood at £43.2m in September, up 13% on August but dow...