Investors withdrew £53.9bn from UK funds in 2022, the biggest annual outflow ever, according to analysis by Refinitiv Lipper.
Last year's outflows, excluding money market funds, comfortably topped the next largest, which saw £11.2bn pulled in 2019. It was also the only year in the past 20 to still book net redemptions when money market funds were included. European investors return to bond and equity markets Money market funds were the only asset class to see inflows, with £12.7bn added to the books, but this was negated by the scale of the outflows. Equity funds saw the largest outflows at £34.9bn, with UK equities the hardest hit by some distance as Equity UK, UK Income, and Small- and Mid-cap catego...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
