Multi asset inflows jumped in June, as increased volatility in markets caused investors to leave asset allocation decisions up to fund managers.
Latest statistics from the Investment Association showed mixed asset fund net retail sales were £404m in June, the highest level since July last year.
The sector was second only to the Target Absolute Return sector, which had net retail sales of £445m.
Daniel Godfrey, chief executive of the Investment Assocation, noted that strong inflows into these sectors showed, “investors left it to fund managers to decide on asset allocation in uncertain markets”.
Meanwhile, net retail flows into equity funds tipped up slightly to £874m from £802m in May.
Less optimistically, fixed income flows suffered for the second month in a row, with £198m worth of net retail outflows.
