UK equity funds see first monthly inflows in two years

The "reversal of fortunes" for UK equity funds comes amid weaker equity fund sales, which saw combined outflows of £78m, as fixed income attracted the most inflows of any asset class for the third month in a row, according to the latest Investment Association (IA) figures. Funds in the IA All Companies sector saw overall inflows of £266m for the month, despite large reported outflows from the Woodford Equity Income fund, which was gated on 3 June. UK Equity Income funds saw the strongest flows for the country at £316m, while UK Smaller Companies funds bucked the trend with net outflows o...