Funds News 

Investors favour flexible bond funds despite low interest rates

Investors favour flexible bond funds despite low interest rates

Investors flocked to fixed-income funds in June amid improving conditions for the bond market, but a heavy preference for more flexible funds suggests they are taking a cautious approach to this asset class for the time being. Sales data from the Investment Association (IA), the trade body which represents UK asset managers, showed that bonds were the most popular asset class for the fourth consecutive month in June, taking net inflows of £2.4bn.

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