Sales of corporate bond funds turn negative

Net retail sales of £ Corporate Bond funds turned negative in November last year, according to the IMA.

Having been the most popular peer group among investors in August, the sector saw outflows of £215m in November, according to the latest statistics. This made the sector the second least popular in November, just above Europe ex UK, which saw outflows of £230m.

Overall net retail sales also slowed to £1.4 billion, from £2.04 billion in October and £2.4 billion 12 months previously. The monthly average net retail sales over the past 12 months has been £2 billion. (article continues below)

The Global Emerging Markets sector was the best selling peer group for the second month in a row, attracting net retail sales of £337m.

The Specialist sector was the second most popular, with net sales of £262m, which according to the IMA is over double the monthly average of £117m for the past 12 months. Of the £262m, commodity funds attracted a record inflow of £208m.