The latest data from the Investment Association (IA) shows that net retail sales rose to £24 billion in the first half of 2021. In June, tracker funds accounted for a little over half of the month’s net retail sales, at £4.2 billion, while the global sector was the most popular, at £1.1 billion.
Numbers also show that responsible investing continues to grow in popularity amongst UK investors, with funds in the sector accounting for almost a quarter of total retail net flows in June.
Total net retail sales of UK funds was -£77 million, reflecting ongoing outflows from UK home equity income, while UK all companies funds saw a net retails sales of £159 million.
Tom Mills, senior investment analyst at Hargreaves Lansdown, said: The Global sector was the best-selling IA sector in June, and Equities as a whole were the best-selling asset class, indicating that UK investors continue to have a positive outlook for global share markets, which have benefitted from the ongoing economic recovery. Despite the strong performance of UK shares so far in 2021, the UK was the only equity fund region to see net outflows in June. But this mostly came from persistent outflows in UK equity income funds, which have been reducing in popularity, while UK All Companies funds attracted net inflows in June.”