Investors turned their backs on fixed income and favoured trackers in August, according to the latest fund flows data from the Investment Association (IA).
Of the net £354m investors put into funds in August, a large part of it was driven by money going into index funds. Inflows into trackers doubled to £1.6bn, up from £860m in July. By comparison, in a reversal of fortunes fixed income funds were left out in the cold. Investors pulled out £356m in August, the first outflows since October 2022, including outflows from all sterling fixed income sectors. IA: Equity funds hit 18-month inflow high in July Investors also fell out of love with responsible investments during the month, which saw them shed a record £448m, following a period o...
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