UK equity income funds haemorrhage £15.3bn since January 2016

In a new report, UK Equity Income Funds Struggling to Retain Assets, Morningstar said poor performance was to mostly blame for the losses. Assets under management in the sector were £64bn in April 2019, down from £75bn at its peak in May 2018. Since April 2016 only the month of January 2018 received a positive net flow, of just £80m. Bhavik Parekh, associate analyst, manager research at Morningstar, said performance had been "especially poor in recent years", compared with multiple comparable sectors and indices, including the major FTSE indices, UK Flex Cap, UK Large Cap, UK Value an...