tracker

Net retail sales of tracker funds hit a record high of £1.9bn last year, up some £200m on 2010, according to the Investment Management Association (IMA).

Leading funds and the ABI are working on proposals to prevent newly listed companies from entering the FTSE 100 or other leading indices until after a three-month cooling-off period.

Sales of funds of funds reached record highs in the first half of 2011, the Investment Management Association (IMA) has said.

BlackRock is to launch two passively-managed funds of funds investing in a selection of the firm's equity and fixed income tracker funds.

Vanguard has launched the LifeStrategy range, a suite of five fund of index funds with low annual management charges.

David McCraw, manager of the Edinburgh UK and US Tracker trusts, explains why passive strategies work well for investment trusts.

Tracker funds reported their highest ever net retail sales in Q1, although inflows into ethical products were below recent levels, according to IMA figures.

Tracker funds have seen the highest net retail sales since 2000, totalling £1.2bn last year compared with £406m in 2009, according to the IMA.

Tracker funds experienced their highest ever outflows during the first quarter of this year, according to the Investment Management Association.

Assets under management within fund of funds have reached a record level of £46.5bn, according to the IMA.