Q1 retail fund sales reveal F&C momentum

The latest UK retail fund sales data published this week by the IMA indicates that while Q1 UK gross retail sales were up 14% year on year, net sales were actually down a third. The mixed picture for industry fund sales however simply highlights the market-beating progress delivered by F&C’s UK retail business which has just reported a 26% year on year increase in Q1 retail gross sales and a 17% rise in net sales over the same period. “Last year was a record for our UK retail funds,” said Jason Hollands, Head of Communications at F&C, “and it is encouraging to see momentum continuing in Q1 this year.”