Flows into North American equity funds dried up in June, as investors pulled around £600,000 from such strategies, according to Calastone’s Fund Flow index.
The sector has broken several records in 2024 alone, the firm noted, with investors pouring cash into North American equities to tap into the tech rally started at the end of 2023, recording £7.8bn inflows in the first six months of the year. Equity funds inflows soar fivefold during ISA season Investors turned to global funds instead in June, resulting in net inflows of over £1.3bn, followed by European equities (£714m) and emerging markets (£269m), after two consecutive months of net selling for EM strategies. The loss of interest in North American equities also impacted ESG fund...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
