UK investors added £2.8bn to funds in April 2023, a £1bn increase on March's inflows and the highest level since August 2021, according to data from the Investment Association.
All asset classes experienced inflows over the month, but bond and money market funds were the biggest winners, with £1.1bn inflows each. Tracker funds also had another strong month, raking in £1.6bn, alongside equity funds, which experienced the second consecutive month of inflows in 2023 with £93m. Equity funds struggle in February with nearly £700m outflows Compared to April 2022, funds under management fell to £1.4trn from £1.5trn. Net retail sales, however, enjoyed a significant surge from £608m in April 2022 to £2.8bn in April 2023. The IA found the best-selling sectors...
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