Outflows stop but UK still unpopular

The fund management industry will take some comfort from the latest monthly IMA data, which shows po...

The fund management industry will take some comfort from the latest monthly IMA data, which shows positive net sales for the first time since October 2007. After three successive months of negative flows, net retail sales rose £309m in February, a sign investor confidence is slowly returning. Looking more closely at the figures shows there have been some clear winners and losers. The biggest losers in the retail space are UK All Companies funds again, which suffered outflows of £222.8m over the month. Although the rate of outflows is half of that seen in January, it is a clear demon...