According to estimates of fund inflows and outflows from FE Analytics (It is worth noting that while the numbers are accurate, the ranking can only be an estimate as some managers are yet to provide FE with their data for the period) Scottish Widows Investment Partnership came out top in terms of movement.
Four of its funds made the top ten, in terms of money flowing out. The change, a spokesperson for the group said: “simply represents a restructure of existing assets by Scottish Widows”.
Unsurprisingly, Invesco Perpetual saw money leaving its income funds following the launch of Neil Woodford’s eponymous management firm.
A couple of emerging markets funds also made the list, which is equally unsurprising given attitudes toward emerging markets especially in the early part of the year.
For the actual movements within the top ten, click here.
