Investors piled into the IA Sterling Strategic Bond sector in May, while UK equity funds experienced a net retail outflow of £479m ($642m, €566m), according to the latest IA statistics.
Rising from fourth in the net retail sales charts in April, the IA Sterling Strategic Bond sector topped May’s rankings after attracting net inflows of £392m.
Meanwhile having been the worst selling sector in April, with outflows of £277m, the Sterling Corporate Bond sector soared into fifth place in May with net sales of £230m.
