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Net retail fund sales exceed £20bn in 2013

29 January 2014

Equity funds sales at 13-year high says IMA

Read more: Investment Management Association retail funds

The Investment Management Association (IMA) monthly authorised investment fund statistics for 2013 have revealed that net retail sales totalled £20.4bn last year, up from £14.3bn in 2012. The data also shows that equity funds recorded their highest net retail sales since 2000 (£11.4bn) and that funds under management hit a record £770bn, up 16% from 2012. Net institutional sales for 2013 were £1.7bn.

"Retail investors were highly...