Groups remain 'optimistic' on fund sales despite £41bn drop in net flows in 2018
UK equity worst asset class
Geopolitical issues such as US-Chinese tensions affected investor sentiment last year
Distribution heads said they are positive on the outlook for fund sales in the retail space this year despite the latest figures from the Investment Association (IA) revealing net flows plummeted £41.3bn to £7.2bn in 2018.
The trade body attributed the huge drop to a "perfect storm of uncertainty" as Brexit, US/China trade tensions, the declining Turkish lira and the Italian budget crisis weighed on investor confidence....
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