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Retail fund sales hit record in H1

Targeted Absolute Return funds were the top-selling Investment Association sector in the first half of 2017, as net retail fund sales reached the highest half-year level on record.

In its monthly sales report, the IA said total funds under management now stand at £1.1trn after investors placed £18.4bn in UK funds during the first half of the year.

This marked the highest level of net sales in the first half of any year on record.

Source: investmentweek

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