UK-domiciled funds suffer £5bn outflows in March as Brexit fears weigh on sentiment

In its first UK Fund Flows data and commentary, Morningstar Direct attributed the persistent outflows to the impact of Brexit, which is pushing investors from UK-domiciled funds to those registered in Luxembourg and Ireland.  At the same time, the approach of the original 31 March Brexit deadline pushed buyers into money market funds in favour of other asset classes. "Brexit has made analysing fund flows from UK-domiciled funds difficult," said Bhavik Parekh, associate analyst, manager research. "In the months leading up to the deadline, investors and fund families became increasin...