Following record outflows in Q3, equities have seen a return to inflows in October, while bond funds were the most popular with UK savers, according to the latest figures published by the Investment Association (IA).
UK savers invested £2.5bn into funds in October, over half of which went to bond funds, which saw £1.3bn of inflows. After total outflows of £1.7bn in September, equity funds saw a resurgence with net inflows of £648m, making it the second best-performing asset class in October. Mixed asset took the final podium spot, with net retail sales of £482m, while money market was the final asset class which saw positive sales, with £280m for October. All other asset classes saw outflows, with property experiencing net outflows of £133m, and Other (which includes targeted absolute return, v...
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