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Equity funds returned £2.4bn in net retail sales
UK investors put £4bn into retail funds in April this year after record outflows in March prompted by the coronavirus lockdown, latest figures from the Investment Association (IA) show.
Active funds saw new retail sales of £2.7bn in April, nearly double that of tracker funds which netted £1.4bn in net retail inflows, the IA said. Equity funds returned £2.4bn in net retail sales and some £1.1bn flowed into ISA funds as the new tax year started. Responsible investment funds also proved popular with record net retail sales of £969m in April. IA chief executive Chris Cummings said: "After record outflows from the fund market as global lockdown measures began in March, savers returned to put £4bn into retail funds in April. "Part of this comeback was fuelled by recor...
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