Image:
UK equities saw the largest outflows out of any category, at more than £2bn.
Investors took almost £7bn out of equity funds in June as recession fears mount, while passive bond sales ventured into positive territory with £1.4bn inflows, data from Refinitiv’s UK Fund Flows report shows.
Gross redemptions were £10.5bn in June, with equities accounting for £6.9bn of withdrawals. Of that figure, outflows of £2.8bn were from mutual funds, with ETFs losing £29m. Last month, there were £1.3bn in net passive inflows compared to £9.3bn in net active outflows. Passive fixed income funds won over equities, with bond mutual funds receiving £1.4bn and ETFs, £939m. Global ETF flows halve in June Mixed asset funds experienced outflows of £1bn, having garnered £1.8bn inflows last May. Dewi John, head of Lipper UKI research, said that mixed asset flows have been resilient of lat...
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
