Retail investors are starting to pile back into equity funds at the end of a record quarter for sales, according to the latest IMA monthly figures.
The retail sales total for June of £2.5bn is almost equally split between bonds and equity funds with £990m going into equity funds and £897m into bond funds. However, Corporate Bonds is still the most popular UK domiciled net retail sector with an inflow of £533.3m. It is the eight consecutive month that corporate bonds have topped the chart. Investors continue to pull out of money market funds with the sector recording the highest net outflow in June of £13.4m. IMA chief executive Richard Saunders, comments: "Investors have been coming back to the market in recent months and June...
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