IMA: Global on top but fund sales fall off

Global was the best-selling IMA sector in January - a month which saw net retail sales fall from recent highs to reach a 12-month low.

According to IMA monthly fund statistics, Global was the best selling sector in January with net retail sales of £166m, marking the fifth month in a row a Global sector has been the top performer. The momentum the combined Global sectors saw in December continued in January, with a combined total of £415m in net retail sales for Global, Global Bonds and Global Emerging Markets. But despite the increasing demand for Global sectors, net retail sales in January fell to £891m, below the monthly average of £2bn for the past 12 months. IMA chief executive Richard Saunders cautioned, however...