Equity investment fund sales were almost on a par with bond funds in the second quarter of 2009, the latest statistics from the Investment Management Association (IMA) have revealed.
The figures show that net retail sales of equity funds shot up from £190million in the first quarter of 2009, to £2.6billion in the second quarter, just £600million behind bond funds.
Overall retail fund sales "continued to be robust" according to the IMA, as net fund sales stood at more than £2billion, compared with -£553million in July 2008.
And despite the rally in equity funds, corporate bond funds remained flavour of the day with investors in July for the ninth consecutive month.
Commenting, Jane Lowe, director of markets at IMA said: "Retail sales continue to be robust, with strong inflows seen since late last year.
"Corporate bonds continue to attract investors; but more recently equity fund sales have also grown and are now almost on a par with bond funds."
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