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Bond funds shed £1.6bn in October amid worst retail outflows since the EU referendum
Fixed income funds saw withdrawals of £1.6bn in October, contributing to the largest monthly net retail outflows since the 2016 EU referendum, according to the latest figures from the IA.
Total net retail sales over the period were negative, with £1.6bn leaving the retail fund sector, driven primarily by declining sentiment towards fixed income. Equities experienced overall inflows...
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