Bond funds shed £1.6bn in October amid worst retail outflows since EU referendum

Latest stats from the IA

Laura Dew
clock
Bond funds shed £1.6bn in October amid worst retail outflows since EU referendum
Image:

Bond funds shed £1.6bn in October amid worst retail outflows since EU referendum

Fixed income funds saw withdrawals of £1.6bn in October, contributing to the largest monthly net retail outflows since the 2016 Brexit referendum, according to the latest statistics from the Investment Association.

Total net retail sales over the period were negative, with £1.6bn leaving the retail fund sector, driven primarily by declining sentiment towards fixed income.  Equities experienced overall inflows of £100m during October, while property funds saw a small volume of outflows at £39m.  This latest figures come as a disappointment after the industry reported positive net retail sales of £642m in the previous month, and mark the largest retail outflows since the EU referendum in 2016.  The IA saw its first negative outflows of £21m since the EU referendum during August, but had returne...

To continue reading this article...

Join Investment Week

  • 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 Investment

Steve Windsor of Atrato Group

Look beyond traditional asset allocation for long-lasting inflation-linked returns

Supermarkets, green energy and housing

Steve Windsor
clock 15 August 2022 • 3 min read
Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read
Trustpilot