Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.
As savings rates began to fall in April, UK savers returned to the investment market, putting £4bn into retail funds during the month after record outflows during March.
Figures released by the Investment Association (IA) reveal that active funds saw strong net retail sales of £2.7 billion during April, reaching nearly double the net retail sales of tracker funds, which saw £1.4 billion in net retail inflows. Meanwhile, equity funds, as well as nearly all asset classes, returned to inflows in April, with 2.4 billion in net retail sales. ISA funds experienced £1.1 billion in net retail sales during the month, which, according to the IA, could be due to the new tax year encouraging savers to make the most of the tax wrapper. Furthermore, responsible investment funds continue to grow in popularity with investors, as they saw record net retail sales of £969 million in April.
Commenting on these figures, Chris Cummings, chief executive of the IA, said: “After record outflows from the fund market as global lockdown measures began in March, savers returned to put £4 billion into retail funds in April. Part of this comeback was fuelled by record inflows into responsible investment funds in April. The crisis has brought a new momentum to the subject of responsible investing, with asset owners and retail investors asking more about their investment manager’s environmental, social and governance approaches.
“Both active and passive funds benefited from the return to inflows in April. Bond funds gathered £903 million in assets, suggesting some of March’s record redemptions flowed back quickly as we moved past the initial market turbulence of the COVID-19 pandemic.”
During April, the five best-selling IA sectors were:
The worst-selling IA sector in April was Targeted Absolute Return, which saw an outflow of £491 million.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Savers looking for the best rates will once again have to look to the fixed rate bond charts this week, although, savers considering locking into a long-term fixed rate bond should be aware that if inflation rises as expected it could see their savings erode over time
Savers looking for the best rates will once again have to look to the fixed rate bond charts this week, although, savers considering locking into a long-term fixed rate bond should be aware that if inflation rises as expected it could see their savings erode over time
This week saw the start of a new tax year, which means that savers can once again deposit up to £20,000 into an ISA tax-free for the 2021/22 tax year
This week saw the start of a new tax year, which means that savers can once again deposit up to £20,000 into an ISA tax-free for the 2021/22 tax year
Savers looking for the best rates will once again have to look to the fixed rate bond charts this week, although, savers considering locking into a long-term fixed rate bond should be aware that if inflation rises as expected it could see their savings erode over time
Savers looking for the best rates will once again have to look to the fixed rate bond charts this week, although, savers considering locking into a long-term fixed rate bond should be aware that if inflation rises as expected it could see their savings erode over time
This week saw the start of a new tax year, which means that savers can once again deposit up to £20,000 into an ISA tax-free for the 2021/22 tax year
This week saw the start of a new tax year, which means that savers can once again deposit up to £20,000 into an ISA tax-free for the 2021/22 tax year
Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.
I accept. Read our Cookie Policy