Active funds attract second highest inflows on record in December

Active funds sales hit £5.2bn

Pedro Gonçalves
The UK’s funds under management  reached a record £1.4trn at the end of 2020

The UK’s funds under management reached a record £1.4trn at the end of 2020

Active funds saw net retail sales of £5.2bn in December, just below the record inflow of £5.4bn in November 2020, figures from the Investment Association (IA) show.

The latest IA fund flows data, published today (4 February), shows equity funds were more popular than any other asset class during December, attracting net retail sales of £2.5bn. Including passives, net retail sales reached £6.2bn in December, more than double the £2.5bn taken in during December 2019. Responsible fund retail flows reach record £7.1bn in 2020 IA CEO Chris Cummings said: "December saw a continuation of the strong net retail sales of November, with the fund market buoyed to a positive end-of-year position. Growing positivity around coronavirus vaccines helped boost sto...

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