UK fixed income, US and European equities all saw outflows in Q3, according to latest platform flow data from Old Mutual Wealth, with investors continuing to favour multi-asset funds.
In its latest quarterly investment figures, UK fixed interest sales on the platform fell from 32% in the second quarter of 2016 to 25%. What are the challenges for bond investors as hunt for yield pushes them into riskier areas? Meanwhile, the European equities sector saw net outflows of 6% in the wake of the European referendum while US equities saw outflows of 2% ahead of the US presidential election on 8 November. Multi-asset was the top-selling sector, accounting for 43% of all net sales on the platform. This was a 19% rise from the second quarter as investors sought diversifi...
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