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January 11, 2013 7:06 pm
Investors poured hundreds of millions of pounds into equity funds in November, making shares the most popular asset class for the third month in a row.
Net retail sales of equity funds hit £720m in November, the highest since April 2011 when sales were £1.25bn, according to the UK’s Investment Management Association.
In comparison, fixed income saw a big fall in net retail sales to £43m, the lowest inflow since October 2008. Corporate bond funds, which were top sellers for seven out of the last 12 months, were the least popular in November, with a net retail outflow of £172m.
Jason Hollands of BestInvest said the figures were further evidence of improving investor confidence in equities.
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