Calastone: Equity funds suffer worst outflows on record
Bonds balloon by £631m while money markets increase £402m
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
They raked in £11.4bn in the first half of the year, with UK investors favouring US and global funds
Inflows were up five times compared to last year’s ISA season
Net inflows to North American funds were higher over the last four months than in the previous nine years combined
Investors have shown no signs of breaking their broader entanglement with the Magnificent Seven
ESG funds bring in £1.54bn across markets
Investors added £2bn to equity funds in January in one of the best months on record, but Calastone warns that returning confidence ‘should be treated with caution’