You are here: Home - Investing - Experienced Investor - News -

Bond fund exodus contines apace

Written by:
Bond funds occupied five out of the seven bottom net selling sectors in September according to new sales figures from the Investment Association.

While the Protected sector witnessed the heaviest net outflows of the month, totalling £285.3m, combined outflows of the £ Corporate Bond, £ Strategic Bond, £ High Yield, Global Emerging Markets Bond and Global Bond sectors hit £645.2m. Of these outflows, the Corporate Bond sector was the worst hit, with redemptions totalling £237m.

The only fixed income sectors that witnessed positive inflows were UK Index Linked Gilts, which attracted £50.2m of net retail sales, and UK Gilts, took in £50.7m. This meant that in total fixed income saw a net outflow of £515m in September, the highest outflow for this asset class since June 2013.

In their place, investors are being mostly attracted to equity funds, with UK Equity Income again the top seller which net retail sales totalling £445m. Meanwhile, away from the hunt for yields, the Targeted Absolute Return sector proved the second best selling peer group, taking in net retail sales of £323m.

Total net retail sales for the fund surpassed the £1bn mark, hitting £1.1bn, with the Property sector another notable winner attracting £196m of sales.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Three investment ghouls and how to stop them haunting your portfolio

With Halloween upon us, Charles Stanley Direct's pensions and investment analyst Rob Morgan braves a house of horrors, tackling three...