The first eleven months of 2009 saw significantly increased investor activity when compared to levels seen in 2008.
Statistics released by the Investment Management Association (IMA) show year-to-date net retail sales for the fund management industry were ten times higher in November last year than they were for the 12 months previously.
Furthermore, funds under management were 38 per cent higher than in November 2008, with net retail sales totaling more than £2 billion for the eighth month running.
According to Richard Saunders, chief executive of the IMA, sales have been helped by a resurgence in popularity of the equity and property fund sectors.
"This is in sharp contrast to the beginning of the year, when bond funds were outselling other asset types and the property sector was seeing outflows," he commented.
Last month, the IMA welcomed the news that asset and fund management firms would not be liable for the proposed bank payroll tax following clarification released by HM Revenue and Customs .
Investors sustain fund management industry demand
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Investors sustain fund management industry demand
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