Equity funds are best-selling for the sixth consecutive month
The Investment Management Association (IMA) today publishes its monthly authorised investment fund statistics for September 2013:
• Equity was the best-selling asset class for the sixth successive month with net retail sales of £1.3 billion
• Net retail sales exceed £2 billion for the month of September, with Q3 net retail sales totalling £6.3 billion – the highest since Q2 2011
• Funds under management reached £739 billion – an increase of 17% from September 2012 and up 93% since September 2008
• UK Equity Income was the best-selling IMA sector
Daniel Godfrey, IMA Chief Executive, said:
“In September, net retail sales once again surpassed £2 billion with equity funds still attracting the bulk of investors’ money, making equity the best-selling asset class for the sixth consecutive month. Indeed, the third quarter has seen the best quarterly figure for equity funds sales since Q2 2000.
“This is partly driven by an emphasis on equity income, with IMA’s UK Equity Income sector the best-selling sector in September. Mixed asset funds also continue to be popular whilst alternatives did well, too. Both the Property and Targeted Absolute Return sectors were amongst the top five selling sectors.”
