Continued appeal of bond funds in UK market evident in latest figures from Lipper FMI
Retail fund sales hit record first-quarter figures in Q1 this year, although net sales were down on the previous three quarters, according to the latest UK Fund Flash data from Lipper FMI. Net retail sales over the period hit £5.5bn, and institutional funds also saw net inflows. Bonds overtook equities as the most popular asset class for the first time since the second quarter of last year, attracting £1.5bn of assets compared to the £1bn that flowed into equities. Bella Caridade-Ferreira, the head of market research, says the ongoing appeal of bond funds was proved by the success ...
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