After ten months of outflows from equity products, the Investment Association (IA) recorded inflows into the asset class for the first time in 2016 in November.
According to the latest statistics from the IA, equity funds recorded net retail sales of £583m in November, second only behind multi-asset funds, which saw net inflows of £634m. Global equities was the bestselling asset class with flows of £420m, but, in the wake of Donald Trump's US election victory, £224m poured into North American equity products, compared with net average outflows of £57m throughout 2016. Money market funds see inflows in September as investors remain cautious UK and Japan funds were also popular with inflows of £114m and £107m respectively. Alastair Wainwr...
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