UK equity funds worst sellers in February as investors flock to bonds and multi-asset

Latest sales statistics from the Investment Association

UK equity funds were the poorest sellers last month despite a slowdown in outflows, according to Investment Association figures, with the UK All Companies sector reporting outflows of £220m.

Although February's UK equity fund outflows marked an improvement on average monthly retail outflows of £440m for the previous 12 months, investors continued to shift money away from the region. Overall, UK equity funds shed some £350m over the month, with the UK Companies sector emerging as the worst-seller with £220m of redemptions. Aside from the UK, the only other equity region to see retail outflows in February was Asia, which lost £95m, higher than its average outflows of £79m for the previous year. Global equity funds came in as the best-selling region with inflows of £257m,...