'Uncertain political landscape' drives net fund sales to lowest in 18 months

UK equity outflows continue

Mike Sheen
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Chief executive of the Investment Association Chris Cummings
Image:

Chief executive of the Investment Association Chris Cummings

Net retail sales for UK-authorised funds were at their lowest point in 18 months in June, reflecting investor uncertainty amid a "continued uncertain political landscape" and trade war fears, according to the Investment Association.

The IA's latest figures reveal the lacklustre June sales total of £840m nudged up total industry AUM to £1.2bn, as investors continued to withdraw assets from the beleaguered UK equity and European equity...

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