UK-domiciled retail funds suffered the largest net monthly outflow in history in December last year, ...
UK-domiciled retail funds suffered the largest net monthly outflow in history in December last year, according to an IMA report. Despite this, net retail sales were £9.5bn in 2007, which was the second best year since 2000 according to the association. The year-end report showed that November’s net retail outflow was the first negative month-on-month result in over fifteen years and December’s £377m net outflow was the largest ever. Non UK-domiciled funds available to UK investors were only worth 4% of the total size of the home-domiciled industry. Annual net retail sales of property...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
