Fixed income and money market were the only two asset classes that reported inflows in April 2023, according to data from Morningstar.
The highest net inflows for the month were registered for the GBP Corporate Bonds category at £1.2bn, whereas UK large-cap equity suffered the biggest losses at £888m. Morningstar: Inflows in European long-term and equity funds more than halve in February Equities were yet to see any inflows in 2023, Morningstar found, with UK equities in particular experiencing persistently heavy redemptions. Morningstar data also highlighted the ongoing trend of passives receiving net new money and actives seeing outflows continued for the month, with the former counting more than £2bn inflows, w...
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
