Equities attract nearly half of £6.2bn net April fund sales
ISA sales soar in April
IA sales figures for April revealed
Anna Fedorova
Equity funds took in £2.9bn in net retail sales in April, marking almost half of the net inflows across asset classes during the month, which amounted to £6.2bn.
According to the latest Investment Association data, the Global sector was the bestseller during the month, taking in £1.7bn.
Asian and Japanese equity funds were also popular, with net inflows of £245m and £161m respectively.
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Inflows into other regional funds were small, with UK taking in just £46m and North American funds, £22m. European equity funds even suffered small outflows of £72m.
UK small cap funds see second highest inflows on record in April
IA UK Smaller Companies took in £240m in April as economy began opening back up
UK small cap funds enjoyed a bumper April, recording their second highest inflow on record, as investors bet on the domestic economy following the relaxing of Covid restrictions.
Savers poured £240m into the IA UK Smaller Companies sector last month, up from £217m in March, according to data from the Investment Association. This was its highest monthly inflow since the record £279m in December 2019.
UK equities as a whole took in £46m of net retail inflows in April, with UK Smaller Companies’ strong performance offsetting outflows from the UK All Companies and UK Equity Income sectors which lost £65.7m and £128m respectively.
Home / News / Marlborough Special Situations looks to ‘run winners’ for longer with policy and sector change
Marlborough Special Situations looks to ‘run winners’ for longer with policy and sector change
‘I think by changing the goalposts they start to dilute their message’
Marlborough Special Situations is broadening its investment policy to include companies higher up the market cap scale and moving to a different Investment Association sector to help the managers “run winners” for longer.
The fund, managed by Eustace Santa Barbara (pictured) and Guy Feld, will continue to focus on small cap companies, but from 2 August it will be able to hold a higher proportion of mid and large cap holdings.
Home / News / River and Mercantile founding partner resigns from Gresham House after less than two years
River and Mercantile founding partner resigns from Gresham House after less than two years
By Kristen McGachey, 25 May 21
Gresham House had been described as a ‘good home’ for Richard Staveley who joined from Majedie in September 2019
Gresham House portfolio manager and managing director Richard Staveley has resigned after less than two years at the fund boutique.
Staveley (pictured) has more than two decades of fund management experience, including five years at Majedie Asset Management and seven years at River and Mercantile, the Aim-listed manager he helped found in 2006.