Active funds saw net retail sales of £5.2bn in December, just below the record inflow of £5.4bn in November 2020, figures from the Investment Association (IA) show.
The latest IA fund flows data, published today (4 February), shows equity funds were more popular than any other asset class during December, attracting net retail sales of £2.5bn. Including passives, net retail sales reached £6.2bn in December, more than double the £2.5bn taken in during December 2019. Responsible fund retail flows reach record £7.1bn in 2020 IA CEO Chris Cummings said: "December saw a continuation of the strong net retail sales of November, with the fund market buoyed to a positive end-of-year position. Growing positivity around coronavirus vaccines helped boost sto...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
