UK All Companies funds see record outflows in September

The largest monthly outflow ever seen by the sector came at the start of a period of market volatility - the All Share dipped 3% in September - and at a time when high profile UK managers Simon Brazier and Julie Dean left their respective firms. Overall, net sales of investment funds stood at just £702m last month, the lowest since January 2013, with £606m of UK equity income fund sales making it the best-selling sector for the fourth consecutive month. While both European and UK equity funds saw significant outflows, Asia funds sold a net £163m against a twelve month average of £6m. ...