Equity funds remain the best-sellers for seven consecutive months

• Funds under management were £765 billion, a 20% increase from October 2012, with net retail sales remaining strong at £1.9 billion
• Equity was the best-selling asset class for the seventh successive month with net retail sales of £976 million
• UK All Companies was the best-selling sector for the first since time April 2004
• Tracker funds saw record net retail sales at £448 million, the highest ever recorded

Daniel Godfrey, IMA Chief Executive, said:

“It was another strong month for fund sales with retail investors continuing to favour equity funds. Net retail sales of these funds have totalled £9.1 billion so far this year, on course for their best year since 2000.”

Full press release and tables are available online.