Every asset class suffers outflows in second worst month on record

Responsible investment holds up

All asset classes experienced net outflows over June 2022 as investors continue to adapt to the changing market landscape, marking it the worst month this year and second worst on record.

According to figures from the Investment Association, investors pulled a net £2.3bn from equity funds, with globally diversified equity the worst performer, contributing £1.3bn of outflows alone. IA chief executive Chris Cummings explained this flight from equities indicated investors were looking to "better balance their savings" as higher rates challenge the performance of high-growth companies. SIF 2022: Article 9 fund flows hold up in 2022 unlike Article 8 Money market funds also suffered outflows in excess of £1bn, with IA Short Term Money Market the worst selling IA sector, c...