Equities playing catch-up but bonds still ahead: IMA

Bonds continue to dominate UK net retail sales although equity funds are starting to gain ground, according to IMA sales figures for July.

Of the £2.3bn net retail sales in July, £829m went into bond funds, with the Sterling Corporate Bond sector taking the most with £466m, while total net equity sales were £711m. The top selling sector was Sterling Corporate Bond on £466m with the Strategic Bond sector the second more popular fixed income sector with net inflows of £180m. Meanwhile, High Yield took inflows of £88m and £64m went into Global Bonds. On the equity side, Asia Pacific Ex Japan was the most popular, and second best seller overall, with £250m inflows. The newly launched Absolute Return sector took inflows of £1...