Investors anticipate Omicron turbulence in equity sell-off

£83m sold at November close

clock • 2 min read
The real impact of Omicron on equity investments remains uncertain
Image:

The real impact of Omicron on equity investments remains uncertain

The advent of the Omicron variant last month triggered substantial sell-offs in equity funds, according to research from Calastone, as investors moved to relieve £83m of equity fund holdings at the end of the month.

According to Calastone's latest Fund Flow Index (FFI), overall volume of transactions accelerated 60% between Thursday 25 November and Monday 29 November, reflecting investor scepticism towards the latest Coronavirus variant and its knock on effects for the economy. According to the funds network, the real impact of Omicron on equity investments remains uncertain, however. Calastone: Vaccine causes second highest equity flows ever "Despite the large outflows at the end of the month, equity funds saw inflows totalling a net £528m in November," the report said. "This is one third ...

To continue reading this article...

Join Investment Week

  • 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

The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.

Franklin Templeton launches Catholic EM sovereign debt ETF

Article 8 ETF for European investors

clock 28 June 2022 • 1 min read
Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Trustpilot