European funds' fortunes reversed in May as UK vehicles record £571m in outflows

Mixed Asset funds top IA sector flows

James Baxter-Derrington
clock • 2 min read
Europe funds received £101m of inflows over the course of May 2021
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Europe funds received £101m of inflows over the course of May 2021

Europe funds have reversed a four-month streak of net outflows as a period of strong performance from the continent’s stocks pushed the region into the black, with £101m of net inflows in May, according to the latest Investment Association (IA) statistics.

Meanwhile, UK funds recorded heavy outflows, with £571m withdrawn over the month, while UK Equity Income topped the table as the worst-selling IA sector, contributing £375m of the negative flows. Global...

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