Equity funds regained their position as best-sellers in the UK market in April 2013, with net retail sales of £799 million compared with £103 million in March, according to figures from the Investment Management Association (IMA).
Mixed asset funds were the second bestselling asset class with net retail sales of £610 million, the highest level since 2011.
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Fixed income funds had net retail sales of £335 million, making them the third best-selling funds in terms of asset class, while property fund posted net retail sales of £98 million – the highest level since June 2011.
The figures also showed total funds under management continued to hit record levels at £726 billion in April 2013, while net retail sales reached £2.1 billion in April, close to the level seen this time last year.
IMA chief executive Daniel Godfrey said: "April net retail sales at over £2 billion were close to last year’s level and a big improvement on the previous month. And total funds under management are up nearly 20% on last year at £726 billion.
"Equity returned as the leading asset class with UK equity funds seeing a turnaround from negative to positive sales in April."
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