Equity funds gather £449m inflows after six months of net selling

Calastone Fund Flow index

A strong recovery in global markets has temped UK investors back into equity funds, which attracted £449m in November 2023, according to Calastone’s Fund Flow index (FFI).

The inflows follow six months of net selling for equity funds, losing £4.5bn between May and October 2023. Similarly, falling bond yields in November after a continuous six-month rise drove capital back to fixed income funds for the first time in four months, with investors adding £256m to their holdings. But Calastone noted investors remain cautious despite the uptick in equities and fixed income flows. Money market funds attracted more than double the amount of capital hat fixed income funds received in November, with £525m of net inflows. In the year to date, they have gathered £4....