Equity funds see outflows for first time in over a year

The last recorded net retail monthly outflow from equity funds was in January 2017, since when there has been 11 months of net retail sales exceeding £1bn, according to the IA. The largest detractor in February was UK equity with a £510m net outflow in February. North American and global equity funds also saw marginal outflows. Overall UK authorised funds attracted £1.2bn from retail investors - and an additional £2bn from institutional investors in February - however total AUM fell slightly as a result of the month's volatile market environment, but still stands at more than £1.2trn....