Equity funds suffered the largest monthly net outflow since September 2022 in June, as UK investors continued to pour assets into fixed income strategies.
According to Morningstar's latest UK Fund Flows report, investors withdrew £3.7bn from equity funds and over £1bn from money market funds, while adding £838m to fixed income strategies. Overall, June saw the largest aggregate outflow across asset classes since October 2022. Passive funds attracted £493m of new money, while £4.9bn was withdrawn from active funds. Both sustainably and non sustainably-labelled funds suffered outflows, with the latter taking the largest hit. Sustainable funds shed £998m, while non-sustainable funds lost £3.5bn worth of assets. European ETFs suffer 2...
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