Investors poured £43.4bn into retail funds in 2021, approaching the record £48.6bn for the highest net retail sales hit in 2017, the Investment Association has announced.
The trade body said that 2021 was "characterised by continued high inflows to responsible investment funds, outflows from UK equity funds, and an increased appetite for active-style management". December 2021 saw net retail sales of £2.3bn, with equity funds being the most popular asset class with £1bn of inflows. Equity funds were also the most popular asset class of 2021, reaching £14.8bn. Inflows to responsible investment funds reached a record £16bn last year, up by £4.3bn from 2020. Responsible investment funds under management now stand at £89bn, making up 5.6% of industry funds...
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