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

Global equities and mixed asset funds popular

Anna Fedorova
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 Chris Cummings, chief executive of the Investment Association
Image:

Chris Cummings, chief executive of the Investment Association

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...

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