Retail fund sales surge

Liontrust is one of the managers which has seen a growth in retail business, while institutional risk appetite has fallen

Net sales of UK retail funds surged by 42% to £20.4 billion in 2013, according to the Investment Management Association, as investors regained confidence in the stock market.

Equity funds saw their highest sales since 2000 with inflows of £11.4 billion - triple the £3.7 billion gained in 2012 - as investors pulled a marginal £17 million away from bonds, against inflows of £5.6 billion in 2013.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It