Retail investors pulled another £1.2bn from UK equity funds in July as uncertainty over Brexit continues to plight attitudes towards the asset class, while bond funds maintained their run of attracting the most investor capital.
The latest Investment Association (IA) data shows overall net retail sales experienced a fourth consecutive month of inflows, with £924m allocated to funds in July, boosted by fixed income funds, which saw £2.2bn of net inflows. AIC sector revamp welcomed as alternative flows double Fixed income wasthe highest selling asset class in July for the fifth month in a row with the IA's £ Strategic Bond sector the best-selling for the month, attracting net retail inflows of £1.2bn. The IA Global sector was the second best-selling with net retail sales of £424m, followed by Global Bonds, M...
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