IMA sales fall to lowest level since last January

The latest retail sales figures published by the Investment Management Association (IMA) have revealed a fall in inflows to a level last seen in January 2013.

Net retail sales slowed down to just £695m in August this year, compared to the £1.85bn seen last August. UK Equity Income remained the best-selling sector for the third consecutive month, with net retail inflows of £376m. This was followed by the Property sector, which saw £242m of net new money, and the Mixed Investment 40-85% Shares sector, which attracted £159m of inflows. However, inflows were subdued across all asset classes, and UK equity income inflows were offset by outflows elsewhere, most notably the UK All Companies sector, which saw £258m of outflows. Daniel Godfrey...