UK's Investment Association says total funds hit record $1.24 trillion in 2015

January 25, 2016 12:30 PM

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LONDON Britain's Investment Association said on Monday that total funds under management rose 4 percent to a record 871 billion pounds ($1.24 trillion) in 2015, driven by an increase in sales to retail investors.

The Investment Association is the trade body that represents UK investment managers.

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