UK funds saw a severe drop in assets under management this month according to the latest figures fro...
UK funds saw a severe drop in assets under management this month according to the latest figures from the Investment Management Association (IMA). Assets were down 11% from last month and down 30% from October 2007. The most popular sector in this month was UK All Companies, making up 18% of gross retail sales of UK domiciled funds. Intermediaries remain the most used distribution channel for UK funds, making up 85% of gross retail business for UK domiciled funds as a whole. Fund supermarkets are the dominant distributor for Isas, with gross sales totalling £206m through this channel....
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