Authorities Bonds had been the highest promoting sector for fund gross sales in Could, with internet retail gross sales of £658m.
UK buyers put £356m into funds in Could, in keeping with the newest information from the Funding Affiliation.
Gross retail gross sales via Monetary Planners and IFAs had been £8.4bn, representing a market share of 31.4%. This held comparatively regular from April when £9.8bn invested by way of advisers represented a market share of 34.3%.
Whole retail funds underneath administration on the finish of the month had been £1.38trn, compared to £1.46trn in Could 2022.
Mounted Earnings funds noticed inflows of £632m.
World funds had been the highest promoting fairness area with internet retail inflows of £261m.
Tracker funds additionally carried out properly with £1bn of internet retail inflows in Could.
The worst promoting sector in Could was UK All Firms, which skilled outflows of £916m.
Chris Cummings, chief government of the Funding Affiliation, stated: “With ISA season behind us, modest inflows continued in Could with £356m invested into funds total. Warning was the theme of the month, with Authorities Bonds seeing robust inflows. This isn’t stunning given concern about potential world recession and ongoing battle in Ukraine.
“Traders continued to diversify their fairness portfolios, with continued inflows into world fairness funds. Nevertheless, North America had its first outflow in seven months, probably reflecting uncertainty forward of decision on the debt ceiling. The UK stays unloved amidst persistent outflows.”