Retail fund sales topped £5.3bn in August, the first time retail fund sales in the month of August have exceeded £5bn, according to figures from the Investment Association.

The risk of losing money is the reason why almost half (47%) of consumers are reluctant to invest, according to a new report.

Two major fund managers, Fidelity and Janus Henderson, have today separately launched mutual funds designed to help tackle climate change.

Specialist fund manager Liontrust is to launch an Irish-domiciled UCITS Global Multi-Asset fund on 13 October for distribution across Europe.