Fixed income suffers record £3.7bn outflows in most volatile market in history
Passive funds see record inflows
March outflows saw the accumulated inflows of the preceding eight months wiped out
As the coronavirus pandemic continues to wreak havoc on markets, fixed income suffered its worst month on record as investors pulled £3.7bn of capital, a figure 13x greater than its previous record, according to data from funds network Calastone.
The outflows from March alone saw the accumulated inflows of the preceding eight months wiped out, as investors reacted to the sharply widening yield spreads in the sector, an acute dollar liquidity squeeze...
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