RBC: GARS outflows set to reach £12bn in 2018

According to a research note from RBC, outflows during September were 44% higher than in August when GARS lost £1.2bn, marking a new record for the fund's the highest monthly outflow. RBC estimated total redemptions for the year were £8.3bn, meaning the fund has already lost a quarter of the assets it had at the beginning of 2018, with assets under management across the range falling from £33bn at the start of the year to an estimated £23.5bn. As a result, RBC has increased its annual outflow forecast for the strategy from £10bn to £12bn for 2018, while maintaining its forecast of £7b...