Funds under management up £36 billion in 2015
The Investment Association today publishes its monthly statistics for authorised investment funds for 2015:
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Funds under management reached a record high of £871 billion
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Net retail sales of £18 billion in 2015
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Equity was the best-selling asset class for the second consecutive year with net retail sales of £8.4 billion
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UK Equity Income was the best-selling Investment Association sector for the second year running with net retail sales of £4.3 billion
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We saw record net retail sales of tracker funds in 2015 of £5.4 billion and funds under management hit an all time high of £108 billion
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It was also a record-breaking year for Money Market funds with net retail sales of £591 million
Guy Sears, Interim Chief Executive of the Investment Association, said:
"Despite market uncertainty surrounding China, commodity prices and central bank interest rate policy throughout 2015, we saw funds under management of authorised investment funds hit an all-time high of over £870 billion.
"After a slow start, net retail sales bounced back in the final three quarters of the year with investors favouring equity products, particularly European funds and those with an income focus."
