1st July 2014
The property sector saw highest net retail sales since December 2009 at £491 million in sales in May this year according to the Investment Management Association.
Overall fund net retail sales were £1.9 billion – close to the £2 billion average of the last 12 months. Equity remained the highest selling asset class with net retail sales of £558 million while global equity funds were the best-selling region in May 2014 with net retail sales of £390 million.
Funds under management hit an all-time high in May 2014 totalling £801 billion. Equity continues to be the best-selling asset class since March 2013 with net retail sales of £558 million in May.
Global equity funds were by far the best-selling region in May 2014 with net retail sales of £390 million with UK Equity funds the second best-selling region with net retail sales of £112 million, ending six consecutive months as the top selling region. Asian Equity funds were the third best-selling with net retail sales of £54 million.
|Region||Net retail sales
in May 2014
|Average net retail sales
for previous 12 months
|Global||£390 million||£302 million|
|UK||£112 million||£464 million|
|Asia||£54 million||-£36 million|
|Japan||£45 million||£71 million|
|Europe||£25 million||£196 million|
|North America||-£67 million||£43 million|
The top five best-selling IMA sectors for May 2014
Property with net retail sales of £491 million. The last time this sector was the best-selling was in January 2010.
UK Equity Income with net retail sales of £270 million.
Global with net retail sales of £248 million.
£ Strategic Bond with net retail sales of £210 million.
Mixed Investment 20-60% Shares with net retail sales of £207 million.
The worst-selling IMA sector for May 2014 was North American Smaller Companies with a net retail outflow of £96 million. This is the first time the sector has been the worst-selling (based on net retail sales) since April 1997.
Daniel Godfrey, IMA Chief Executive, says: “After the rush of the ISA season in March and April, net retail sales held up well at £1.9 billion in May, with investors spreading their investments across all the main asset classes. Equities continued to lead the way with UK Equity Income and Global in the top five top-selling IMA sectors. But Property also received a big slice of investors’ funds and topped the IMA sector table for the first time since January 2010.”