Funds under management report record sales Go compare with our comparison table

Funds under management report record sales

12 May 2010 / by Lois Avery

Fund of Fund sales have risen by 61 per cent in 2010 according to the Investment Management Association (IMA).

The figures have been released today in the IMAs quarterly statistics for Funds of Funds, Ethical and Tracker funds.

Between January and March, fund of funds had their strongest period since records began, and now account for around £1 in every £10 of gross retail sales.

Assets under management for ethical funds increased year on year by 43 per cent to £5.9 billion and tracker fund assets were up 59 per cent to £29.5 billion. In total all fund sales rose to £510.9 billion in the first quarter compared with £348.9 billion during the same period last year. Although sales of ethical and tracker funds were down sharply.

Total retail sales for funds of funds were up by £798 million on figures for this time last year and tota fund sales soared to £5,502 million compared with £4,121 million in the first quarter of 2009.

Richard Saunders, Chief Executive of the IMA, said: “In the first Quarter, sales of Funds of Funds continued  "to be strong, accounting for about £1 in every £10 of gross retail sales. 

“Net retail Tracker Fund sales slipped into negative territory again in March, after two years of increasing sales, and Ethical Funds were steady at just under 1% of industry gross sales.  Rising markets took all three groups to record levels of funds under management.”     

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 Product NameISA OptionIncome YieldMore Info
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Newton Higher Incomeyes5.4%More Info >
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Invesco Perpetual Monthly Income Plusyes4.46%More Info >
Income Paid Monthly. Popular income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. See latest fund factsheet for details.
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Our selected partner for investing in Neil Woodford's Equity Income fund is Barclays Stockbrokers, via their INVESTMENT ISA for new ISAs and ISA transfers, or their MARKETMASTER® ACCOUNT for non-ISA investments. Income Paid Quarterly.The fund’s investment objective is to provide investors with long-term appreciation through investing in stocks primarily listed on the UK stock exchanges. Up to 20% may be invested in international companies. The income objective is 10% higher than the FTSE All Share Index yield with an anticipated annual yield of 4.0%.
Newton Global Higher Income yes4.7%More Info >
Income Paid Quarterly. The objective of the Sub-Fund is to achieve increasing annual distributions together with long-term capital growth from investing predominantly in global securities. The Sub-Fund may also invest in collective investment schemes. See latest fund factsheet for details.
Jupiter Merlin Income Portfolioyes3.10%More Info >
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M&G Global Dividendyes3.27%More Info >
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Kames Strategic Bond yes2.95%More Info >
The primary investment objective is to maximise total return (income plus capital ) by investing in global debt instruments,denominated in any currency, ranging from AAA Government Bonds through to high yield and emerging market corporate bonds. At least 50% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling. See latest fund factsheet for details.
M&G Optimal Incomeyes2.44%More Info >
Income Paid Twice Yearly.The fund aims to provide a total return to investors based on exposure to optimal income streams in investment markets. The fund invests across a broad range of fixed income assets according to where the fund manager identifies value. See latest fund factsheet for details.
*Current Income Yields are Gross, Variable and Not Guaranteed
**Historic Yield reflects distributions declared over the past 12 months as a percentage of the mid-market price of the fund.
*** This is the target yield the fund aims to achieve per year, it is not guaranteed and could change according to prevailing market conditions. The target yield is net of basic rate tax.
Information correct as at 08/02/2012.

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