Retail funds return to positive flows in September but UK equities 'firmly out of favour'

Latest IA figures reveal positive turn

Laura Dew
Chris Cummings, chief executive of the Investment Association

Chris Cummings, chief executive of the Investment Association

UK retail funds saw net inflows of £642m in September, reversing outflows of £217m in the previous month, according to the latest statistics from the Investment Association.

August's outflows of £217m marked the first month of negative flows since the EU referendum in 2016, but September once again saw a turn of fortunes for UK retail funds. The biggest sector contributor to the positive flows last month was IA Mixed Investment 40%-85% Shares with net retail sales of £268m. This beats inflows into the Global sector, which was the best-seller last month, having taken in £417m. In September, it attracted positive flows of £236m.   Funds in the North America sector also saw strong demand, jumping from tenth place in August with sales of just £62m to the t...

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