IMA hails record retail sales

Retail investors are re-entering investment funds in force, after scaling down their investments to prevent losses during the credit crunch, with net retail sales over the second quarter the highest on record. The Investment Management Association (IMA) said the industry booked net retail sales of £2.5bn in the month of June. IMA head Richard Saunders said retail investors were piling into “international equities, as well as bond funds”.