UK All Companies sector sees first inflows since May

UK All Companies funds saw their first inflows in six months in October, despite market volatility, according to the Investment Management Association.

The IMA's latest monthly sales statistics showed the UK All Companies sector attracted a net £168m during the month of October, after suffering continuous outflows since May.  September was the sector's worst month with a net outflows of £852m, adding to the total of £1.8bn leaving the sector over five months. UK equity funds were the best-selling asset class in October with net retail sales of £835m, having been the worst sellers in September. The best-selling sector for the fifth month in a row was UK Equity Income with net retail sales of £729m. European Smaller Companies was th...