Retail funds see highest inflows since 2010

Retail fund sales last year were at their highest level since 2010, according to the latest figures from the Investment Association (IA).

Net retail fund sales last year reached £20.8bn, and equity topped the sales chart as the best-selling asset class with retail inflows of £8.6bn. The best-selling IA sector during the year was UK Equity Income, while property also saw record-breaking inflows of £3.8bn. In contrast, the worst-selling sector was UK All Companies, with net retail outflows of £1.2bn. Total funds under management reached a new record of £834bn, up from £771bn the previous year. Active funds were not the only ones seeing record inflows: tracker funds brought in a total of £4.7bn, leading to 23.5% increas...