Calastone: Investors pull record £3.5bn from UK equities in Q1
While UK equity funds posted their worst ever quarter for net flows
While UK equity funds posted their worst ever quarter for net flows
While bond funds record their third strongest month on record for inflows
European and Asian funds also suffered net outflows in January as North American funds continue to appeal
Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
Only 31% of active managers outperformed a passive alternative in 2024
Investors withdrew £5.9bn from investment funds over concerns about Chancellor Rachel Reeves’ tax changes
They lost £25.3bn since 2021 but raked in £317m in November once Budget fears receded
Bonds balloon by £631m while money markets increase £402m
Outflows of £666m were seen from UK equity funds during the month of September alone, according to Calastone data
Fixed income funds also shed record amounts of cash during August and September
UK equity outflows doubled, while bond funds recorded third worst month
Equities see a net £2.19bn in inflows