Earlier this month, it was reported June was the best month for net sales of retail funds in the second quarter "despite the Woodford scandal" and the rising prospects of a no-deal Brexit.
The latest Pridham Report said the beginning of the new tax year and "political uncertainty [becoming] the new certainty", as Boris Johnson was appointed the new UK Prime Minister, meant investors were buoyed enough to put cash to work in portfolios. Additionally, the Investment Association said sales of open-ended funds to UK retail investors bounced back into positive territory in Q2, seeing £5.5bn of net inflows after two quarters of outflows, including £900m in Q1. Author of the Pridham Report Helen Pridham said: "Advisers clearly decided they could not stay on the sidelines forev...
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