UK-domiciled open-ended funds saw net inflows of £7.3bn in December, with overall equity and fixed income flows significantly boosted by Access fund launches, the latest Morningstar fund flows data shows.
Equity funds saw net inflows of £2.4bn for the month, roughly equivalent to the figure raised for the launch of the LF ACCESS Global Alpha Equity fund, which masked the £1.3bn net outflow from active equity vehicles. Within Morningstar categories, UK Large-Cap Equity, UK Equity Income and Global Equity Income proved to be the least popular of the month, with net outflows of £1.2bn, £762m and £452 respectively. However, Global Large-Cap Blend Equity was the most popular category for the month, attracting net flows of £2.4bn. Overall, 2020 proved to be a strong year for UK-domiciled ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
