Investors invest record £2.6bn into equity funds in April

Following two months of net outflows from equity funds and inflows for cash products while markets plunged on concerns over Covid-19, that trend reversed dramatically in April. Global equity funds, at £1.1bn, were in demand last month, with UK equities not far behind on £1bn, while money market funds were the only asset class to suffer outflows, according to the funds network's latest Fund Flow Index (FFI). The Calastone FFI:Equity jumped to 57.1, its highest reading in three years - where a reading of 50 means the value of buy orders equals the value of sell orders. That said, the...