Net retail sales of investment funds sunk to their lowest total inflow since September last month, according to the latest data from the Investment Association, which highlighted that investors were in “wait and see” mode.
Inflows totalled £1.7bn in October, dragged down by weaker inflows to equity funds which saw just £280m of new investment. Outflows from UK equities and North America - £661m and £180m respectively - were partly offset by inflows into global equity funds, which took in £586 of new cash, and Asia funds which saw £201m of investment. Bonds were the best-selling asset class with £597m of inflows, while responsible investment funds remained strong and took in £1.5bn of net retail sales. ESG funds approach $2trn as majority of European flows turn green Chris Cummings, chief executive...
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