UK bond funds suffer first retail outflows in 16 months

Despite being the best-selling asset class in April, fixed income funds floundered in May with a net outflow of £162m. A sharp reversal in bond yields seen in Europe in particular during April and May appears to have worried investors. The £ Corporate Bond fund sector, for example, saw net outflows of £105m, the highest level since September last year. Conversely, after seeing net outflows in April, equity inflows were at their highest since December with net retail sales of £802m. Further reading: Can I call the end of the 30-year bond bull market now? This was driven largely...