IA figures show UK funds suffering further £1bn outflows in July

Property and equity sectors record largest outflows

Daniel Flynn
clock • 2 min read

UK funds recorded net retail outflows of £1bn in July as cautious investors continued to sell out of equity and property funds in the wake of June's Brexit vote.

The latest figures from the Investment Association follow redemptions of £3.5bn from UK funds in June, in the immediate aftermath of the European Union (EU) referendum outcome. Apart from global equity funds, which saw inflows of £172m, all other equity regions saw retail outflows in July, with UK equity funds losing the most at £1bn versus a 12-month average inflow of £131m. The property sector, which saw a host of fund suspensions and fair value adjustments over the month, recorded £792m of redemptions, following £1.4bn of outflows in the previous month. However, total funds unde...

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 Equities

Partner Insight: Are equities really overvalued?

Partner Insight: Are equities really overvalued?

Value dispersion means there are plenty of cheap opportunities

Gareth Jones
clock 09 February 2024 • 1 min read
Partner Insight: How much value is there in UK equities?

Partner Insight: How much value is there in UK equities?

‘As different as they are attractive’

The UK Equities Team at Invesco
clock 07 February 2024 • 1 min read
Partner Insight: The shift to value - still on course?

Partner Insight: The shift to value - still on course?

The tailwinds remain for value investing

Gareth Jones
clock 06 February 2024 • 1 min read