Tracker funds' share of total industry funds under management hit a fresh record at the end of 2012, nearing 9% of FUM, according to the Investment Management Association (IMA).
Figures from the trade body show funds under management in trackers stood at £57.4bn by the end of last year, up 36% on the £42.3bn reported at the end of 2011. This rise helped trackers increase their market share to 8.7% of total FUM, up from 7.4% in 2011. Funds of funds FUM also reached its highest level in 2012, rising from £60.3bn to £71.2bn, with market share also rising to a record 10.8%. Net retail sales of ethical funds, however, were the worst seen since IMA began recording data, dropping from £199m in 2011 to £21m in 2012. Total ethical FUM rose from £6.7bn to £7.5bn ...
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