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

Latest IA figures reveal positive turn

Laura Dew
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Chris Cummings, chief executive of the Investment Association
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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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