Ten years on from Northern Rock collapse: Top ten bond market takeaways

European bond funds suffered €433bn outflows in 2008

Tom Eckett
clock • 2 min read

On 14 September 2007, the UK witnessed its first 'bank-run' in 150 years after Northern Rock announced it had received support from the Bank of England due to a lack of liquidity.

Many will remember the queues in the street as customers attempted to retrieve deposits, while the bank's shares plunged 32% on 14 September 2007. Ten years on, Investment Week takes a look at the impact the Global Financial Crisis (GFC) continues to have on bond funds in the UK, using stats from Thomson Reuters Lipper. By the end of 2007, bond funds in Europe and the UK (pan-Europe) suffered the highest net outflows of any asset class at €66.9bn. By the end of 2008, bond funds in pan-Europe had haemorrhaged €433bn of net outflows. It was not until the end of 2014 that p...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Join us today to discuss why 2024 is an attractive entry point for fixed income

Join us today to discuss why 2024 is an attractive entry point for fixed income

Sarka Halas
clock 25 March 2024 • 1 min read
Partner Insight: Moving from cash to corporate bonds ahead of cutting-cycles

Partner Insight: Moving from cash to corporate bonds ahead of cutting-cycles

Fidelity International

Ben Deane, Investment Director, Fixed Income - Fidelity International
clock 19 March 2024 • 13 min read
JP Morgan AM to wind up Sterling Bond fund as assets dwindle

JP Morgan AM to wind up Sterling Bond fund as assets dwindle

Fund size of £29m

clock 18 March 2024 • 1 min read
Trustpilot