Record £25.7bn pulled from funds in 2022

In December, £282m was taken from funds, meaning ten out of 12 months last year funds recorded outflows. Total funds under management stood at £1.4trn at the end of the year. Responsible funds managed to scrape net inflows of £5.4bn throughout the year, with trackers funds also seeing inflows of £11bn. Chris Cummings, chief executive of the IA, said: "UK retail investors faced a challenging year in 2022, as inflation soared following the Russian invasion of Ukraine, which caused energy and supply shocks. "Investors grappled with a cost-of-living crisis and returns from stocks and b...