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

UK equity outflows continue

Mike Sheen
Chief executive of the Investment Association Chris Cummings

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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