September's net retail fund sales of £5.6bn has beaten all historical records, resulting in 2017 already becoming the best-selling year since the Investment Association (IA) started, with another quarter to go.
The IA reported net retail sales of £5.6bn in September, dwarfing last year's comparable figure of £1.1bn. As 2017 has seen the six highest-selling months on record, the year has already become the best ever in terms of fund sales, with net retail sales totalling £33.7bn to the end of September. Fixed income was the most popular asset class with net retail sales of £1.8bn - the largest monthly inflow into the asset class - while the Sterling Strategic Bond sector was the best-selling category with net retail sales of £985m. Retail fund sales enjoy record-breaking August At the s...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
