£500 Million Record for IMA UK Equity Income Sector Sales in April 2014

• UK Equity Income sector sees highest net retail sales on IMA records at £500 million
• Fund net retail sales were £2.9 billion – the highest since April 2011
• ISAs saw net retail sales of £1.3 billion
• Equity was the best-selling asset class with net retail sales of £1.4 billion

Daniel Godfrey, IMA Chief Executive, said:

“Fund sales were just shy of the £3 billion mark in April with £1.3 billion coming from investors making the most of their tax-free ISA allowances by rushing to meet the end of tax year deadline or topping up at the start of the new one.

“The IMA UK Equity Income Sector was the best-selling sector for both ISAs and funds overall. However investors also channelled money into mixed asset and property funds – property in particular has been seeing consistent growth in sales over the last year.”