UK?retail investors have invested a record amount in emerging market funds, it was revealed yesterday.
The Investment Management Association (IMA) showed net sales of £336m for October. “Appetite for global investing continues, with the global emerging markets sector reporting its highest sales on record in October,” said Richard Saunders, Chief Executive at the IMA.
Total net retail sales were £2bn in October, taking the total for the year to £20bn. Net ISA sales for October totalled £44.6m, the lowest level since February last year.