Image:
UK equities saw the largest outflows out of any category, at more than £2bn.
Investors took almost £7bn out of equity funds in June as recession fears mount, while passive bond sales ventured into positive territory with £1.4bn inflows, data from Refinitiv’s UK Fund Flows report shows.
Gross redemptions were £10.5bn in June, with equities accounting for £6.9bn of withdrawals. Of that figure, outflows of £2.8bn were from mutual funds, with ETFs losing £29m. Last month, there w...
To continue reading this article...
Join Professional Adviser
- 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.
