UK funds were up £4.8bn in April with inflows into active funds almost matching their passive counterparts, latest data from Morningstar shows.
Morningstar found investor sentiment was "vastly improved" compared to March when the coronavirus lockdown began. The £4.8bn increase excluded money market funds, according to Morningstar's monthly UK fund flows data. Flows in April were driven by a £4.9bn net inflow into equity funds, with passive UK and US strategies proving popular. Fixed-income funds reported a very small net inflow in April which followed a record net outflow in March. Alternative funds remained unpopular last month and saw net outflows of £852m. April was the thirtieth consecutive month for alternatives outfl...
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