Offshore Capitalist

IMA announces record year for investment sales

28 October 2009: Investment fund statistics – September 2009

The Investment Management Association (IMA) today releases its figures for the fund management industry for September 2009.

Key findings:

  • Record net retail sales – the total for the first nine months of 2009 is more than the total achieved in the whole of 2000, the highest annual sales on record
  • Equities took over from Bonds as the most popular asset class – with net retail sales of £1 billion
  • Absolute Returns became the best selling IMA Sector – taking over from £ Corporate Bonds after ten months at the top

Richard Saunders, Chief Executive of the IMA, commented:

“2009 is set to break the record for investment fund sales. Total net retail sales for the year-to-date reached £18.7 billion in September. This already surpasses the previous record for a full year, which was in 2000. September is the sixth consecutive month in which net retail sales have topped £2 billion.

“Investors are showing an increasing interest in equity funds, after a period in which bonds have dominated. The geographic spread is wide, with significant flows into funds investing other than in the UK.”

via IMA: Press Release.

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