Equity fund net retail sales hit fifteen year peak
The Investment Association today publishes its monthly statistics for authorised investment funds forJuly 2015:
- Equity fund net retail sales were over £2.0 billion in July - the highest since April 2000
- Total net retail fund sales of £3.0 billion - the highest since April 2014
- UK equity fund sales highest since March 1999 with sales of £943 million
- Fund of Funds net retail sales of £589 million - the highest since April 2012
Daniel Godfrey, The Investment Association Chief Executive, said:
"Following investor hesitancy seen so far in 2015, confidence returned in July with the highest net retail sales for over a year.
"Although it remains to be seen what impact August's volatility has on fund sales, retail investors had a strong appetite for equities in July, particularly UK equity funds which saw their highest net sales in over fifteen years."
