February 8, 2018 / 9:53 AM / 12 days ago

UK fund sales hit record 63 billion pounds in 2017 - Investment Association

LONDON (Reuters) - Net retail sales of UK-based funds hit a record 63 billion pounds in 2017, asset manager trade body the Investment Association said on Thursday.

Members’ funds under management ended the year at 1.2 trillion pounds, with fixed income funds the best-sellers after chalking up a record 14.3 billion pounds of net sales, it said.

Reporting by Simon Jessop, editing by Maiya Keidan

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