UK equity funds saw net inflows for the first time since April 2017 in May as investors poured £532m into the unloved asset class.
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...
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