UK retail fund sales sink to lowest level since September 2020

Investors in ‘wait and see’ mode in October

clock • 1 min read
Market uncertainty said to be possible reason behind low retail sales
Image:

Market uncertainty said to be possible reason behind low retail sales

Net retail sales of investment funds sunk to their lowest total inflow since September last month, according to the latest data from the Investment Association, which highlighted that investors were in “wait and see” mode.

Inflows totalled £1.7bn in October, dragged down by weaker inflows to equity funds which saw just £280m of new investment. Outflows from UK equities and North America - £661m and £180m respectively - were partly offset by inflows into global equity funds, which took in £586 of new cash, and Asia funds which saw £201m of investment. Bonds were the best-selling asset class with £597m of inflows, while responsible investment funds remained strong and took in £1.5bn of net retail sales. ESG funds approach $2trn as majority of European flows turn green Chris Cummings, chief executive...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Dan Green, portfolio manager at Martin Currie

Three sectors that will benefit from the digital economy

E-commerce, the auction industry and cybersecurity

Dan Green
clock 12 August 2022 • 3 min read
Mike Preston, partner at Cleary Gottlieb

Private equity in sport: A growing opportunity

Expected to grow to $500bn

Mike Preston
clock 11 August 2022 • 4 min read
Markus Hansen has been a portfolio manager for Vontobel's Quality Growth Boutique since June 2020.

Vontobel's Hansen drops Adidas for Hermès as a European recession looms

Shopping after growth derating

clock 10 August 2022 • 2 min read
Trustpilot