UK investors poured £893m into fixed income funds in July, marking it out as the first month of positive flows for the asset class this year, according to data from the Investment Association (IA).
While fixed income funds took in capital, all other asset classes saw outflows, with equity funds and mixed asset funds bleeding £1.6bn and £117m respectively. According to separate data from BlackRock, fixed income also dominated ETF flows over the month, as $32.5bn flowed into fixed income vehicles. July flows into fixed income, money market and other funds went most of the way to offsetting the outflow from equity and mixed assets, with UK retail outflows slowing on the previous month, though investors still withdrew a net £129m from investment funds, down from £4.5bn in outflows ...
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