Investors pull funds from almost every asset class in April

Persistent equity outflows

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...