IA: August fund sales worst since November 2018
Third consecutive month of outflows
The worst-selling category in August was £ Strategic Bond, which suffered an outflow of £756m
August net retail sales were their lowest since November 2018, with £1.7bn exiting UK-domiciled funds over the month, according to the latest Investment Association (IA) statistics.
The three major asset classes led the monthly outflows, with equities and bonds losing £1.6bn and £968m respectively, and property following, reporting outflows of £91m. Top-selling mixed asset funds...
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