UK investors make cautious market return

UK investors are returning to the asset management industry but are sticking to cautious products, a...

UK investors are returning to the asset management industry but are sticking to cautious products, according to statistics from the IMA. Investment funds under management of £311bn in August represented a 1% increase on the month before and 24% higher than August 2004. But while the UK All Companies sector ostensibly appeared to be the most popular category with £1.7bn of gross sales, retail investors were actually net sellers, disposing of £66m over the month. In contrast, management houses were selling large quantities of UK corporate bond products with the sector taking on net sales o...