Beleaguered UK equity funds in the Investment Association universe present "cracking" opportunities for long-term investors, according to several investment professionals, despite the fact they suffered their largest-ever recorded sell-off during June this year.
According to the latest Fund Flow Index from Calastone released last week, UK equity growth and income funds saw respective outflows of £679m and £671m throughout last month - both of which mark the highest ever outflows seen across both sectors including during the referendum, Brexit, the lead-up to the General Election and the onset of the pandemic. Data shows that, while investors piled into UK equity funds during April and early May, June saw them cash in their profits and opt for money market and fixed-income funds, after the FTSE 100 index rebounded by 19.1% during the eight weeks ...
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