Retail funds see fifth month of outflows - Investment Association

Overall, UK authorised and recognised funds suffered net outflows of £156m in February for the fifth month in a row, signalling a huge drop in sentiment compared to the same month last year, which saw net sales of £1bn. Equity funds experienced the highest withdrawals of £446m, with European and UK equity products particularly hurt by the current political tensions over Brexit, reporting outflows of £453m and £236m respectively. Dismal start to 2019 as retail funds see net outflows of £859m The only asset classes that did not see overall outflows during the month were Mixed Asset, ...