Retail investors boost August flows as bonds remain asset class of choice

Equity funds return to positive net flows

Retail investors bolstered August flows with net £1.8bn inflows compared with outflows of £565m in August 2019, with bonds remaining the best-selling asset class.

According to the latest Investment Association (IA) figures, fixed income bested all other asset classes with £1.4bn net retail sales, followed by mixed asset with £541m, while equity funds returned to positive flows, receiving £340m net inflows. Investors turn to bonds in July as UK equities suffer outflows Elsewhere, other funds, including targeted absolute return, volatility managed and unclassified sectors, also received inflows of £294m over the last month of summer, while property funds experienced outflows of £3m, with money market lagging at £743m outflows. IA Global receiv...