Net retail sales were £573.1m in September compared with £765.4m in August. However, last month’s figures were well up on the £92.1m in September 2002.
Last month’s fall marks a reversal of the strong upward trend in fund sales over the summer. Investors seem to be returning to the market only cautiously.
Another indication of investor wariness is their reluctance to invest without advice. There was a net withdrawal of £107.3m from the direct sales channel over the month. The vast majority of sales were accounted for by intermediaries or sales forces and tied agents.
Investors also seem to favour domestic sectors overall
. The four best-selling sectors were British-based with UK Corporate Bond once again the most popular followed by UK Equity Income and then UK All Companies.
However, there was some interest in international sectors that are most likely to give investors exposure to a global recovery. Far East Excluding Japan was the most popular followed by Global Emerging Markets and Japan.
The least popular sector of all was UK Smaller Companies with net redemptions of £70.1m. It was followed by Europe Excluding UK with net redemptions of £66.6m and North America at £53.3m.
SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk
To view this article, become a Morningstar Basic member.
Register For Free
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.