Commodity fund sales highest on record - IMA

Net retail sales of commodity funds reached £208m in November, marking a new record high, according to the IMA.

As well as the uptick in sales of commodity vehicles, global emerging markets was the best selling sector for the second consecutive month, reflecting investor appetite for global mandates. Net retail sales of of GEM funds totalled £337m, representing the highest month on record. Richard Saunders, chief executive at the IMA, says: "Investors continue to seek diversification. In November there was continued appetite for funds with a global scope, and commodity funds also experienced their highest ever inflows. "But all the main asset classes have been popular in 2010, during which i...