Equity funds see outflows for first time in over a year

IA data

Mike Sheen
clock • 4 min read

Equity funds suffered net outflows in February for the first time in over a year, with investors pulling £136m over the course of the month, Investment Association figures released today (6 April) reveal.

The last recorded net retail monthly outflow from equity funds was in January 2017, since when there has been 11 months of net retail sales exceeding £1bn, according to the IA. The largest detractor in February was UK equity with a £510m net outflow in February. North American and global equity funds also saw marginal outflows. Overall UK authorised funds attracted £1.2bn from retail investors - and an additional £2bn from institutional investors in February - however total AUM fell slightly as a result of the month's volatile market environment, but still stands at more than £1.2trn....

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the Week: New Year Honours; Fundsmith slips down ii list; Another short position against Hargreaves Lansdown

Stories of the Week: New Year Honours; Fundsmith slips down ii list; Another short position against Hargreaves Lansdown

The biggest stories from the world of investment and asset management this week: New Year Honours; Fundsmith; Hargreaves Lansdown

Sarka Halas
clock 05 January 2024 • 1 min read
Partner Insight: Outlook 2024 from Royal London Asset Management

Partner Insight: Outlook 2024 from Royal London Asset Management

Royal London Asset Management
clock 03 January 2024 • 1 min read
Helen Wagstaff

CASCAID founder Helen Wagstaff awarded MBE in New Year Honours List

Services to charity

Investment Week
clock 30 December 2023 • 3 min read
Trustpilot