Outflows from UK-domiciled funds significantly slowed in October, as investors turned to safer asset classes, according to fund flows data from the Investment Association.
Retail investors pulled £137m out of funds in October, down from £1.5bn in September and £3.9bn during the same month last year. Equity funds and fixed income funds saw outflows of £376m and £429m, respectively, while mixed asset funds posted outflows of £3m, following September's £781m inflows. However, the bulk of outflows were offset by £938m of inflows into money market funds and £33m into property funds, the IA found. SJP's Onuekwusi trims US exposure on 'concentration conundrum' Tracker funds suffered their worst month on record in October, with net retail outflows of £...
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