Equity funds struggle in February with nearly £700m outflows

Based on data from the Investment Association, Numis found that Fixed Income funds experienced net inflows of £1.1bn in February, the fourth consecutive month of new money in the sector. Along with the £652m inflows into Mixed Assets, these were the biggest contributors to a second,  consecutive month of inflows into UK-domiciled funds, which had net inflows totalling £408m. IMF: UK economy to shrink amid global inflation-led hard landing The overall drag came from the Equity side, which had outflows of £696m, along with Money Market (-£882m), Property (-£69m) and Absolute return f...