Fifth month of outflows for retail funds as investors shun UK and European equities
Global equities and mixed asset funds popular
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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