IA: Investors pulled £2.4bn from equities ahead of Budget
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
Most notable early impact so far has been felt in the AIM market
After a decade of being seen as a poisoned chalice, good valuations and a wave of M&A activity are helping revive UK markets
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
The Bank of England and Federal Reserve are diverging
Eric Burns, lead manager of the SDL Free Spirit fund, makes the case for UK equities
Active funds lose £2.1bn, according to Investment Association
The FTSE 100 has more ‘jam today’ stocks which prospered in the market rotation, says AJ Bell’s Laith Khalaf
US smaller companies have underperformed and they now offer good value
Fixed income loses £1.2bn in June while net inflows into equity funds turn positive
Equities see a net £2.19bn in inflows