IA stats: Outflows mount from UK retail funds to surpass £2bn

Bond funds severely affected

Laura Dew
clock • 2 min read
Fixed income funds accounted for more than of the £2.1bn outflows
Image:

Fixed income funds accounted for more than of the £2.1bn outflows

Outflows from UK retail funds surpassed £2bn in November, according to the latest monthly statistics from the Investment Association (IA), up from £1.6bn in the previous month.

The IA statistics found net retail flows were negative for UK authorised and recognised funds with £2.1bn in outflows during the month. More than half of this came from fixed income funds, with the asset class seeing outflows of £1.2bn, although this was down from the £1.7bn in outflows in October. Worst affected among the fixed income sectors was the £ Strategic Bond category, which saw outflows of £564m, while Global Emerging Market Bond was the only fixed income sector to see positive flows (£57m).  Bond funds shed £1.6bn in October amid worst retail outflows since EU referendum...

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

The listed wind energy sector has undergone a "valuation boom"
ESG

European ESG equities Deep Dive: Macro outlook turning favourable

Cautious over 'valuation boom'

Kathleen Gallagher
clock 30 June 2022 • 4 min read
Instruments span commercial paper, certificates of deposit, floating rate notes and short-dated bonds.
UK

Canada Life AM launches sterling short term bond fund

Canada Life Asset Management has launched a short term sterling bond fund, which aims to offer investors stable capital and income.

clock 30 June 2022 • 1 min read
Only one IPO on AIM in Q2 2022

UK AIM IPOs fall to lowest levels since 2009

Worst quarter since financial crisis

clock 29 June 2022 • 3 min read
Trustpilot