Equity funds saw retail outflows of £697m in January, while funds in the Targeted Absolute Return sector remained the bestsellers for the fourth month in a row, according to the latest statistics from the Investment Association (IA).
The latest statistics from the IA show equity funds lost £697m of retail money, after posting inflows for the first time in ten months in November, with the biggest outflows coming from UK and European funds, which lost £505m and £395m respectively. However, North American equities bucked the trend with inflows of £98m as investors looked to take advantage of US President Donald Trump's fiscal policies, while global equities continued to see strong support with net sales of £225m. Alastair Wainwright, fund market specialist, said: "The momentum of inflows into equity funds toward the...
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