UK equity income funds bleed £15.3bn since January 2016

Morningstar research

Emanuela Hawker
clock • 2 min read

Morningstar has revealed the UK equity income sector has haemorrhaged £15.3bn since January 2016, with only a single month showing positive net flows since April 2016.

In a new report, UK Equity Income Funds Struggling to Retain Assets, Morningstar said poor performance was to mostly blame for the losses. Assets under management in the sector were £64bn in April 2019, down from £75bn at its peak in May 2018. Since April 2016 only the month of January 2018 received a positive net flow, of just £80m. Morningstar downgrades Woodford Equity Income due to 'extreme' positioning Bhavik Parekh, associate analyst, manager research at Morningstar, said performance had been "especially poor in recent years", compared with multiple comparable sectors and ...

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 Investment

Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Partner Insight: Should investors go global for more impact?

Partner Insight: Should investors go global for more impact?

Global investing offers scope for broader social impact as well as financial returns.

Sarka Halas
clock 11 March 2024 • 1 min read
Women in Investment Awards winner interview: Omotunde Lawal from Barings

Women in Investment Awards winner interview: Omotunde Lawal from Barings

Supporting the next generation

Katrina Lloyd
clock 07 March 2024 • 1 min read
Trustpilot