Private investors pour record amounts into funds, IMA says

The Investment Management Association said private investors poured a record £7.4 billion into funds in the second quarter. "Investors have been coming back to the market in recent months, and June saw a continuation of this trend. Retail investors have begun over the last two months to put money into equity funds, particularly international equities, as well as bond funds. As a result, net retail sales in the second quarter were the highest on record and net [Individual Savings Account] sales the highest for six years," said Richard Saunders, CEO of the IMA.

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