Fifth month of outflows for retail funds as investors shun UK and European equities

Global equities and mixed asset funds popular

Anna Fedorova
clock • 2 min read

UK retail funds experienced net outflows for the fifth month in a row in February, according to the latest figures from the Investment Association, as cautious savers shunned equities once again.

Overall, UK authorised and recognised funds suffered net outflows of £156m in February for the fifth month in a row, signalling a huge drop in sentiment compared to the same month last year, which saw net sales of £1bn. Equity funds experienced the highest withdrawals of £446m, with European and UK equity products particularly hurt by the current political tensions over Brexit, reporting outflows of £453m and £236m respectively. The only asset classes that did not see overall outflows during the month were Mixed Asset, which was the bestseller with £385m in sales, and Fixed Income, wh...

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 Industry

Trustpilot