12/01/2011
Inflows down in November in UK
p { margin-bottom: 0.08in; } Net inflows in the UK totalled GBP1.4bn in November, compared with GBP2.04bn in October, and GBP2.4bn twelve months previously, according to statistics from the British investment management association (IMA). Equities were the most popular asset class last month, with net inflows of GBP685m, compared with GBP475m in October. Net inflows to bonds fell to GBP160m, a net decline compared with an average of GBP588m in the past twelve months. For the second consecutive month, the emerging markets sector earned the best results in November, with net inflows of GBP337m. Commodities funds, for their part, posted record net inflows of GBP208m in the month under review. In the first eleven months of the year, net inflows totalled GBP21.4bn, compared with a record GBP23.7bn between January and November 2009. As of the end of November, assets under management totalled GBP554.9bn, compared with GBP556.9bn the previous month, and GBP467bn one year previously. Gross inflows via platforms totalled GBP3.4bn in November, compared with a monthly average of GBP3bn since the beginning of the year. The market share for platforms totalled 36% of gross inflows in November.
