Targeted Absolute Return funds were the top-selling Investment Association sector in the first half of 2017, as net retail fund sales reached the highest half-year level on record.
In its monthly sales report, the IA said total funds under management now stand at £1.1trn after investors placed £18.4bn in UK funds during the first half of the year. This marked the highest level of net sales in the first half of any year on record. However, net retail inflows for June were £2.9bn, a dip from £3.9bn during the previous month. Targeted Absolute Return funds were the most-popular sector over the six-month period, taking in £2.2bn, followed by the Sterling Strategic Bond sector with inflows of £1.8bn. James Henderson's UK equity income fund rejoins IA sector ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
