UK investors favour fixed income and tracker funds in April
The Investment Association today unveils its new monthly statistics to reflect UK investor behaviour rather than purely focusing on flows in and out of UK domiciled funds.
The Association's monthly statistics of UK investor behaviour in April 2016 show:
-
Fixed income funds were the most popular asset class with net retail sales of £679 million
-
Tracker funds continue to be in vogue amongst UK investors with net retail sales of £454 million
-
Net retail fund sales to UK investors were £1.2 billion
-
Equity funds experienced a net retail outflow of £635 million
Guy Sears, Interim Chief Executive of the Investment Association, said:
"In the past our statistics have focused on funds domiciled in the UK. To reflect the international offering of the asset management industry, we will now be publishing figures that show UK investor behaviour, regardless of whether the fund is registered in the UK or elsewhere.
"Following the slow start in January, the industry has now seen three consecutive months of stronger net retail sales. This has mainly been driven by continued investor appetite for fixed income, tracker and absolute return funds.
"In April alone, we saw a continuation of these trends as net retail sales hit over £1 billion for the first time in 2016."
