UK retail investors poured £1.4bn into funds in February, but there were signs of a cautious approach as mixed-asset funds and the Volatility Managed sector were in favour, according to the latest figures from the Investment Association.
Mixed Asset funds took in £711m in February, making this the best-selling asset class, while the most popular sector was Volatility Managed with £888m in net sales. Chris Cummings, CEO of the Investment Association, said: "Despite the growing global impact of coronavirus on economic activity, February in the fund market didn't reveal any dents in investor confidence, as savers put £1.4bn into funds across the month. "However, caution was definitely in the air and savers top preference was for diversified funds, with Mixed Asset funds attracting £711m. "Few in February could have pr...
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