Funds suffer third-worst month on record amid Budget fears
Investors withdrew £5.9bn from investment funds over concerns about Chancellor Rachel Reeves’ tax changes
Investors withdrew £5.9bn from investment funds over concerns about Chancellor Rachel Reeves’ tax changes
Fund-of-funds recorded the highest increase in sales, according to ISS Market Intelligence 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
Fixed income loses £1.2bn in June while net inflows into equity funds turn positive
Equities see a net £2.19bn in inflows