UK funds hit by £31.5bn in outflows so far in 2024

Passive UK-domiciled index funds gathered more than £14bn year-to-date

clock • 3 min read

Amid continued outflows in 2024, passive strategies and global equity funds remain favoured, writes Giovanni Cafaro

UK funds have remained in outflow mode during 2024. Morningstar data suggests that UK-domiciled funds suffered net redemptions of £14bn in Q3, bringing the total for the first three quarters of the year to £31.5bn, to continue a trend that has broadly persisted since 2022. Looking across asset classes, equity funds faced the largest net outflows, with £13bn withdrawn year-to-date. Outflows have been primarily driven by UK equity strategies, while their global equity counterparts gained traction. Investors pulled out of fixed-income funds to the tune of £10bn during the first three quarte...

To continue reading this article...

Join Professional Adviser for free

  • 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

Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 09 December 2024 • 3 min read
Can Japan's small and mid-cap companies stage a comeback?

Can Japan's small and mid-cap companies stage a comeback?

Japan looks ripe for a change in market leadership

Darius McDermott
clock 06 December 2024 • 5 min read