Equity funds saw record quarterly net outflows in Q3 2019 with UK savers pulling £4.6bn from the asset class, data from the Investment Association (IA) show.
Investors continued their bearish tilt from equities to bonds in September, with stock funds seeing net outflows for the fourth consecutive month as £1.7bn was withdrawn. Conversely, the best-selling sector in September was IA Sterling Strategic Bond with £721m of inflows, followed by IA Mixed Investments 40-85% Shares (£347m) and IA Global Bonds (£315m). Overall, net retail flows to or from UK funds returned to positive territory on the month with £351m of net inflows, compared to £1.6bn of outflows in August. Chris Cummings, CEO of the IA, said global uncertainty "cast a long sha...
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