Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

IMA: Investors flock to UK and European equities

IMA: Investors flock to UK and European equities

The corporate bond sector saw outflows a the end of the last year, while European and UK equity funds were the big winners, as investors built more risk into their portfolios.

The corporate bond sector experienced net retail outflows of £149 million in November, according to the Investment Management Association's latest monthly figures.

Meanwhile, equity was the best selling asset class for the eight consecutive month. The UK was the most popular equity region, with net retail sales of £409m, seconded by £240m sales in Europe. The only equity region to lose out was North America, with an outflow of £63 million.

Overall, funds under management grew by an annualised 16% in November, to £763 billion

“We saw a continuation of strong investment fund sales in November last year – the top five best-selling IMA sectors indicate that investors are favouring equity and mixed asset funds with property funds also doing well. Daniel Godfrey (pictured), IMA Chief Executive said.

Property was the third biggest selling IMA sector, with net retail sales of £212 million, 'well above' the sector's monthly average of 95 million for the previous 12 months, the trade body said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter