Fof and ethical sales defy crunch

Fund of funds under management continue to grow despite the credit crunch and Q2 saw a net inflow of ...

Fund of funds under management continue to grow despite the credit crunch and Q2 saw a net inflow of £445m into retail offerings. Quarterly stats from the IMA show the majority of this result is thanks to bumper inflows into the Specialist sector. Net retail fund of funds sales month-by-month have been steady over the last year despite market turmoil – November 2007 saw the worst result of a £59.5 net inflow. Elsewhere net retail ethical fund sales have consistently stayed in positive territory throughout the credit crunch. The only negative month was January, which saw a modest £6.3...