UK domiciled investment funds under management hit £463bn in June, 25% higher than the year before, a...
UK domiciled investment funds under management hit £463bn in June, 25% higher than the year before, according to figures from the Investment Management Association (IMA). Total net sales of UK domiciled funds were £834m in June with money market funds accounting for inflows of £423m. Of the £767m net retail sales £408m was invested in equities, followed by £184m in balanced funds. The most popular sector in June was UK All Companies, representing 18% of gross retail sales of UK domiciled funds. The sector was favoured by intermediaries and this channel accounted for 17% of gross retail bus...
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