Retail investors favour absolute return and income funds in February
The Investment Association today publishes its monthly statistics for authorised investment funds for February 2016 which show:
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Net retail outflow from UK authorised investment funds of £399 million in February
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Targeted Absolute Return was the top-selling IA sector in February with net retail sales of £243 million
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Funds under management up from £843 billion in January to £855 billion in February
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Tracker funds saw a net retail inflow of £91 million
Guy Sears, Interim Chief Executive of the Investment Association, said:
"Caution was still evident amongst retail investors in February as they reduced their holdings in investment funds amid volatile markets.
"Outflows were seen across a range of asset classes, but we did see investor appetite for absolute return and equity income products."
