Flows into equity funds slowed in January as coronavirus fears ramped up

Its Fund Flow Index for January showed two-fifths of new capital flowed into UK equity funds, although inflows into UK equities declined by three quarters month-on-month. The index revealed that in the first half of the month, before the virus had begun to be reported, equity funds saw £475m of inflows, which slowed to £141m in the second half of the month as "investors pared back the optimism that more positive news on the global economy had instilled in December", Calastone said. Record £2.2bn pulled from UK property funds in 2019 Asia-focused funds were the worst hit during Janu...