Property leads strong November retail sales

Property continued to top the retail best seller table in November for the second month running in what proved another strong month for fund inflows, according to IMA figures.

Total net retail sales of £2.4bn during November ensured fund inflows broke through the £2bn barrier for the eighth month running. Year to date sales to the end of the month at £23.6bn were also 10 times higher than £2.3bn for the same period in 2008. The figures also show a sharp turnaround in the fortunes of property funds which attracted £417m in net retail sales over the month; the highest since £467m taken in March 2007. Back in January 2009, property ranked 28th out of the 34 sectors, with net outflows of £35m while the top selling sector at the start of the year was £ Corporate...