Corporate bonds stay top

Corporate bonds remain the asset class of choice among British retail investors. The sector was the top seller in February for the fourth month in a row, according to the latest Investment Management Association (IMA) statistics.

Out of a total £1.2 billion net retail sales in February, bond funds saw an inflow of £1.1 billion, with sales in the £ Corporate Bond sector amounting to £854.8m.

Equity funds saw an outflow of £66m during the month. Japan was the most unpopular asset class, with a net outflow of £172.9m.

As the end of the Isa season approaches, the IMA reports that British-domiciled investment fund Isas saw a net outflow of £112.5m in February, compared with a net inflow of £2m the previous month and an outflow of £179.1m in February last year.

The most popular British-domiciled Isa sector was UK All Companies, which accounted for 19% of gross Isa sales. In net terms, the most popular sector was Protected/Guaranteed funds.


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