UK retail sales fell £12.1bn in 2016 as investors flee equities
Targeted Absolute Return best-selling sector
Net retail sales of UK investment funds fell by more than £10bn year-on-year in an "extraordinary and challenging" 2016, with equities suffering a reversal of fortunes, according to the Investment Association's figures for the year.
The UK funds industry took in net retail inflows of just £4.7bn in 2016, down from £16.8bn in 2015, but strong performance led total funds under management to breach the £1trn landmark, up from £928bn...
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