View the article online at http://citywire.co.uk/wealth-manager/article/a743697
Investors pile out of US and Asian equities at record pace
by James Phillipps on Mar 31, 2014 at 10:25
Equity proved the best-selling asset class in February for the for the fourth month running, but retail investors are cashing out of North America and Asia at record pace.
According to the latest figures from the Investment Management Association (IMA), investors pulled a record £290 million out of North American equity funds over the month and £260 million out of Asia.
UK All Companies funds saw the highest inflows at £371 million with property the next most popular, attracting £298 million- the sector’s highest monthly sales since January 2010.
Targeted Absolute Return, Global Equity Income and Sterling Strategic Bond made up the remainder of the top five selling sectors.
Overall, equities saw net retail sales of £681 million with the industry drawing in £1.8 billion of net retail sales overall, up from £1.4 billion year-on-year.
IMA chief executive Daniel Godfrey (pictured) said: 'Strong fund sales continued in the second month of 2014 with investors continuing to favour equity funds. UK equity funds in particular are seeing the best net retail sales for some time.
'However, looking at the top five best-selling IMA sectors, investors also invested significantly into property, fixed income and targeted absolute return funds.'
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
On the road
by Dylan Lobo on Jul 28, 2014 at 08:03