Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter