Property sector leads the way with net retail sales of £491 million
The Investment Management Association (IMA) today publishes its monthly statistics for authorised investment funds for May 2014:
• Property sector sees highest net retail sales since December 2009 at £491 million
• Fund net retail sales were £1.9 billion – close to the £2 billion average of the last 12 months
• Equity remained the highest selling asset class with net retail sales of £558 million
• Global Equity funds were the best-selling region in May 2014 with net retail sales of £390 million
Daniel Godfrey, IMA Chief Executive, said:
“After the rush of the ISA season in March and April, net retail sales held up well at £1.9 billion in May, with investors spreading their investments across all the main asset classes.
“Equities continued to lead the way with UK Equity Income and Global in the top five top-selling IMA sectors. But Property also received a big slice of investors’ funds and topped the IMA sector table for the first time since January 2010.”