UK retail investors poured £1.8bn into bond funds in July, making them the best-selling asset class, while redemptions from UK equities led to overall negative flows for equity funds.
According to the latest Investment Association (IA) figures, Global Bonds and £ Corporate Bond were the two best-selling sectors during the month, taking in £693m and £691m respectively. On the other hand, equities as an asset class suffered £609m of net outflows overall, driven by £912m of redemptions from UK equity funds. In fact, the only other equity region that saw modest outflows was Japan, while all other regions were in the black. Asian equities were the most in demand, with £253m of retail inflows in July. US Fed review to 'add fuel to equities' fire' Apart from fixed i...
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