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.”
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:
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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