{"id":2889,"date":"2010-01-05T14:50:35","date_gmt":"2010-01-05T14:50:35","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=2889"},"modified":"2025-03-27T15:48:56","modified_gmt":"2025-03-27T15:48:56","slug":"uk-retail-investors-continue-to-flee-cash","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=2889","title":{"rendered":"UK retail investors continue to flee cash"},"content":{"rendered":"<p>Retail investors continued to pile into unit trusts and OEICs in November, buying a net &pound;2.4 billion, according to Investment Management Association <a title=\"http:\/\/www.investmentuk.org\/press\/2009\/stats\/stats1109-03.pdf\" href=\"http:\/\/www.investmentuk.org\/press\/2009\/stats\/stats1109-03.pdf\" target=\"_blank\">figures<\/a> released today. Inflows are on course to reach a record &pound;26 billion for 2009 as a whole &ndash; the previous highest annual total was &pound;17.7 billion in 2000.<\/p>\n<p>The November performance was particularly impressive given strong competition from National Savings, which attracted &pound;2.8 billion, mostly into now-withdrawn &#8220;guaranteed growth and income bonds&#8221; offering a premium yield. Equity funds again enjoyed the strongest inflow (&pound;930 million), followed by property (&pound;420 million) and balanced (&pound;250 million). Bond fund sales slumped to a 13-month low (&pound;190 million), probably reflecting the National Savings effect.<\/p>\n<p>Retail mutual fund inflows amounted to 1.2% of M4 excluding money holdings of &#8220;other financial corporations&#8221; in the six months to November. With investors reallocating portfolios away from cash, the sum of money growth and mutual fund flows is probably a better guide to liquidity support for the economy than M4 itself. This indicator &ndash; the green line in the chart &ndash; continues to revive, supporting recovery hopes.&nbsp; <br \/><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" style=\"width: 680px;\" src=\"\/storage\/UK-M4-EX-OCFCS-050110.gif?__SQUARESPACE_CACHEVERSION=1262712496515\" alt=\"\" \/><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail investors continued to pile into unit trusts and OEICs in November, buying a net &pound;2.4 billion, according to Investment Management Association figures released today. Inflows are on course to reach a record &pound;26 billion for 2009 as a whole &ndash; the previous highest annual total was &pound;17.7 billion in 2000. The November performance was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2889","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2889"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2889\/revisions"}],"predecessor-version":[{"id":5198,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2889\/revisions\/5198"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}