Outflows slow to £137m in October as UK investors gravitate towards safer assets

Investment Association UK fund flows

Valeria Martinez
clock • 2 min read

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 £...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Nick Train UK equity funds downgraded by Morningstar due to 'narrow focus'

Nick Train UK equity funds downgraded by Morningstar due to 'narrow focus'

Silver to bronze

clock 22 February 2024 • 3 min read
ETFs gain ground on passive mutual funds as total inflows top £2bn

ETFs gain ground on passive mutual funds as total inflows top £2bn

LSEG Lipper UK Fund Flows report

clock 21 February 2024 • 1 min read
Redwheel enters venture capital market with UK climate tech fund

Redwheel enters venture capital market with UK climate tech fund

Partnership with Turquoise

Valeria Martinez
clock 21 February 2024 • 1 min read
Trustpilot