Fund sales fall below recent highs
The latest figures from the Investment Management Association (IMA) show fund sales falling in January 2011 below the monthly average for the past twelve months.
During January 2011, there were £891 million of net retail investment fund sales.
The monthly average for the past twelve months has been £2bn per month. The January figures represent the lowest fund monthly fund sales since October 2008.
The IMA Global sector was the top selling sector in January, with net retail sales of £166m. This is the fifth month in a row that one of the Global sectors is the highest selling sector.
The second most popular fund sector in January was Sterling Strategic Bond, with £162m of net retail sales.
It is also interesting to look at these figures from the IMA as they give a good indication of investor confidence and how people are allocating their money.
These figures should not however influence your own investment decisions as what is right for someone else is unlikely to be the best course of action for your own portfolio.
Always seek professional independent financial advice before making an investment decision.