IMA figures are making grim reading

Monthly sales figures from the IMA rarely make pleasant reading these days, with one month of record...

Monthly sales figures from the IMA rarely make pleasant reading these days, with one month of record outflows followed by another. January was the retail industry's worst ever month, with its £550m net outflows following £377m in December and £332m in November. Over £1bn has left the industry in the past three months and this shows little sign of stopping in the short term. The mass exodus from property funds has clearly been the major factor but outflows from these actually halved in January compared to November and December, while the overall figure increased considerably. Elsewhe...