Great rotation at last? Equity funds top bestseller list in April

Equity funds regained their position as best-sellers in the UK market in April, according to the latest figures from the Investment Management Association (IMA.

The long-awaited shift from bonds to shares is starting to be reflected in the trade body's sales figures, with equity the best-selling asset class for the month, posting net retail sales of £799m. Mixed asset funds were the second best-selling asset class, notching up net retail sales of £610m, the highest since April 2011. Fixed income funds had net retail sales of £335m, making them the third best-selling funds in terms of asset class, while property fund posted net retail sales of £98m - the highest level since June 2011. Total net retail sales came to £2.1bn, a slight fall fro...