Equity net sales continue to exceed £1bn in August 2013

The Investment Management Association (IMA) today publishes its monthly authorised investment fund statistics for August 2013:

• Equity continued as the best-selling asset class for the fifth successive month, with net retail sales of over £1 billion
• Net retail sales remained strong at £1.8 billion
• Funds under management stood at £732 billion
• Mixed Investment 20-60% Shares remained the best-selling sector

Daniel Godfrey, IMA Chief Executive, said:

“Investor confidence was demonstrated by another strong month for fund sales – net retail sales of £1.8 billion in August were a little lower than July but well above the 12 month rolling average.

“Equity funds were again favoured by retail investors – it’s been the best-selling asset class for five months in a row. Mixed asset, property and targeted absolute return funds also did well in August.”

Full details here