Equity fund sales outstrip bonds for first time in year - IMA

The IMA's latest sales figures show investors are returning to risk assets, as net retail sales of equities outstripped fixed income funds for the first time in a year.

September sales figures published by the Investment Management Association showed equities were the most popular asset class over the month, with net retail sales of £541m. This is far ahead of its average figure over the last 12 months of a £65m outflow. It is also the first time any asset class has surpassed fixed income in the last 12 months. Investors have flocked to bond funds over the past year amid ongoing uncertainty in the eurozone and slowing global growth, pushing yields on the ‘safest’ developed market government bonds down to record lows. The last time equity was the b...