Global funds see strong demand in October as UK equity outflows continue

Sustainable funds remain in vogue

Anna Fedorova
clock • 2 min read

Global equity funds were the bestsellers during October with retail inflows of £755m, while UK equities continued to suffer outflows, with £782m leaving the asset class during the month, according to the latest Investment Association figures.

There is evidence that investors were looking to diversify their portfolios during these uncertain times, with the IA Global sector being the most popular overall, taking in £869m, while Global Bonds followed suit with £793m of inflows. UK Equity Income, on the other hand, was the worst-selling sector with net redemptions of £644m amid rising concerns over a no-deal Brexit and a lacklustre outlook for dividends as a result of the Covid-19 crisis. Overall, October saw net retail sales of £2.5bn, a vast improvement compared to the £22m of outflows seen in October 2019. However, institut...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Passive and active - the case for both

Partner Insight: Passive and active - the case for both

Invesco
clock 13 March 2024 • 4 min read
Future of Investment Festival: Secure your place for June now

Future of Investment Festival: Secure your place for June now

A look at how to take advantage of global megatrends

Professional Adviser
clock 11 March 2024 • 2 min read
Great British ISA may struggle to be Consumer Duty compliant

Great British ISA may struggle to be Consumer Duty compliant

Concerns raised over the narrow target market of the new offering

Hope Coumbe
clock 11 March 2024 • 1 min read