Retail investors continue to exit UK equities; Fixed income becomes best-selling asset class in July

Best-selling sector was Global

Retail investors ditched cash and UK equities in July but piled into global equities and fixed income, making it the best-selling July on record, according to stats from the Investment Association.

The figures showed £3.5bn of net retail sales, the most the month has ever seen with all asset classes seeing positive retail inflows except Money Markets. Surprisingly, fixed income was the best-selling asset class in July 2017, with net retail sales of £1bn, Mixed Asset was the second best-selling with net retail sales of £958m, followed by equities with £924m of net retail sales. Retail fund sales hit record in H1 but investors rotate out of UK equities The best-selling IA sector was Global with sales of £607m, while the Sterling Corporate Bond sector was second with £432m, jump...