Investors took almost £7bn out of equity funds in June as recession fears mount, while passive bond sales ventured into positive territory with £1.4bn inflows, data from Refinitiv’s UK Fund Flows report shows.
Gross redemptions were £10.5bn in June, with equities accounting for £6.9bn of withdrawals. Of that figure, outflows of £2.8bn were from mutual funds, with ETFs losing £29m. Last month, there were £1.3bn in net passive inflows compared to £9.3bn in net active outflows. Passive fixed income funds won over equities, with bond mutual funds receiving £1.4bn and ETFs, £939m. Global ETF flows halve in June Mixed asset funds experienced outflows of £1bn, having garnered £1.8bn inflows last May. Dewi John, head of Lipper UKI research, said that mixed asset flows have been resilient of lat...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
