UK fund industry suffers worst-ever monthly outflows
£8.7bn withdrawn from funds
The UK fund industry has recorded its largest ever monthly net outflows as March 2020 saw £8.7bn leave UK-domiciled funds, a figure £1.7bn higher than the worst month during the Global Financial Crisis, according to the latest fund flow data from Morningstar.
Fixed income funds took the greatest hit, also recording their highest ever net outflows in a single month as £5.5bn flooded from bond funds as interest rate cuts and increased central bank spending failed...
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