Corporate bonds top investors' shopping list in February - IMA

Retail investors are continuing to flock to fixed income funds, topping up their positions by over £500m last month, despite the rally in equities.

The IMA revealed the top three best selling sectors in February were all fixed income - £ Corporate Bond, £ Strategic Bond and Global Bond - although sales have dipped slightly on the previous month. Funds in the Corporate Bond space saw net retail sales of £254m, down from £303m in January, while Strategic Bonds saw inflows of £148m, well below the monthly average for the previous 12 months of £224m. Global Bond had sales of £140m - a jump on the monthly average of £14m. Equities still saw positive inflows of £249m overall, particularly in the Global Equity Income peer group which...