Wealth and Asset Management
Fund sales tumble £12.1bn in 'extraordinary' year
Investors flocked to target return funds in 2016 as the UK funds industry suffered a sharp fall in flows amid geopolitical turmoil. Investment Association data on funds under management showed the total increased by £117 billion in 2016 to £1.04 trillion, on net retail sales of £4.7 billion. This…
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