Every asset class suffers outflows in second worst month on record

Responsible investment holds up

James Baxter-Derrington
clock • 2 min read
Total funds under management have fallen on the previous year, down to £1.4trn from June 2021’s £1.5trn.
Image:

Total funds under management have fallen on the previous year, down to £1.4trn from June 2021’s £1.5trn.

All asset classes experienced net outflows over June 2022 as investors continue to adapt to the changing market landscape, marking it the worst month this year and second worst on record.

According to figures from the Investment Association, investors pulled a net £2.3bn from equity funds, with globally diversified equity the worst performer, contributing £1.3bn of outflows alone. ...

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.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Follows review of 550 funds

abrdn confirms plans to merge or close 100 funds

‘Subscale, inefficient or not aligned’

clock 09 August 2022 • 1 min read
Stephen Bird, abrdn chief executive

Growth ambitions delayed as abrdn profits drop and AUM shrinks

Investment performance weakens

James Baxter-Derrington
clock 09 August 2022 • 2 min read
Nigel Wilson, group chief executive of Legal & General

LGIM flows rise but AUM falls due to 'market movements'

AUM down to $1.3trn

Kathleen Gallagher
clock 09 August 2022 • 2 min read