UK - Institutional fund sales have slumped some 80% for the 12 months ending July 31, 2002, according to the latest data from the Investment Management Association.
Net sales were just over £211.9 m last month, compared to around £1.2bn for July 2001. Gross sales were also down from £2.3bn in July 2001, to £1.8bn in July 2002. But the net figure still prese...
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