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Two of the top five money takers in June were fixed income ETFs
Investors pulled a significant amount of money out of active bond funds and instead bought into passive equivalents during June 2021, according to the latest Everything Flows report from Refinitiv, which found that passive bonds netted £1.4bn while their active counterparts suffered £678m of outflows.
Actively-managed equity and commodity funds suffered a similar fate during the month, albeit to a lesser extent, while actively-managed real estate funds also saw net outflows. In contrast, investors turned...
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