Global equity funds were the bestsellers during October with retail inflows of £755m, while UK equities continued to suffer outflows, with £782m leaving the asset class during the month, according to the latest Investment Association figures.
There is evidence that investors were looking to diversify their portfolios during these uncertain times, with the IA Global sector being the most popular overall, taking in £869m, while Global Bonds followed suit with £793m of inflows. UK Equity Income, on the other hand, was the worst-selling sector with net redemptions of £644m amid rising concerns over a no-deal Brexit and a lacklustre outlook for dividends as a result of the Covid-19 crisis. Overall, October saw net retail sales of £2.5bn, a vast improvement compared to the £22m of outflows seen in October 2019. However, institut...
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