IA Global enjoys record £934m sales in April

Reduced UK outflows

Global funds across equities and fixed income dominated net retail sales in April as ISA season powered overall fund sales to £2.2bn, according to the Investment Association (IA).

Calling April "business as usual", the IA said net retail sales passed £2bn for the first time since the previous April, when they were £2.8bn - a welcome buck of the trend seen over a six-month period of outflows. IA Global was the strongest sectoral performer, with £934m of net retail sales - its largest inflow on record, following 12 months of positive net sales. Closely following the Global category was £ Strategic Bond, which took net retail sales of £859m, and Global Bonds, which enjoyed £503m of net retail sales in the month. Fourth-best seller was Mixed Investment 40-85% Sh...