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 ...
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