Coronavirus fears drive £1.6bn of equity fund outflows in one week

Global equity funds saw worst week on record

Lauren Mason
clock • 2 min read

The coronavirus-induced market sell-off caused almost £1.6bn of outflows from equity funds in just one week, according to Calastone's February Fund Flow Index (FFI), as global stockmarkets suffered their biggest drawdown since the throes of the 2008 Global Financial Crisis.

Some 98% of outflows in the final five days of the month came from actively-managed equity funds; positive investor sentiment during the first three weeks of the month helped to offset this though, with net outflows of £348m over the course of the month. Coronavirus contagion concerns: Unknown territory Global equity funds were the hardest hit, having suffered the worst month on Calastone's record with net outflows of £309m. During the final five days of February alone, £881m flowed out of the sector, while Asian, European and specialist regional funds were also hard hit by virus fear...

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 Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Adobe, Amazon, Estee Lauder and PayPal

clock 25 March 2024 • 1 min read
Trustpilot