Fund sales from a retail perspective have hit their lowest monthly level in four years, as net retail sales totalled £23 million for the month of August.
However, Richard Saunders – IMA Chief Executive noted:
“Retail sales in August were the lowest since October 2008 but it’s only one month. Taking the first eight months of the year, net retail sales of £9.1 billion are down on last year but still healthy.
“The fixed income sectors and asset class continue to attract the highest net retail sales.”