Equity fund outflows hit £1.44bn during war-torn March

The fear and volatility triggered by the conflict in the Middle East made it the worst month since last November, when Autumn Budget speculation drove a significant sell-off, and was the seventh worst on record. The negative flows also extended the run of equity fund outflows to an "unprecedented" ten consecutive months, Calastone noted. The firm said the sell-off was "broad-based", with the UK, mainland Europe, Asia-Pacific, emerging markets and Japan faring poorly, and North American equities the only sector to book net inflows. UK funds saw the largest outflows at £592m. The net...