IA Global sector pulls in highest flows on record as investors shun UK and Europe
Fixed income best-selling asset class
Chris Cummings, CEO of the Investment Association
Retail investors have pulled £2.2bn from UK and European equity funds since the start of the year, choosing to put their money into the IA Global sector and fixed income funds instead, according to the latest figures from the Investment Association.
In March, UK and European equity funds suffered net retail outflows of £445m and £478m respectively, while Europe ex UK was the worst-selling sector with redemptions of £412m. According to Laura Suter,...
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