UK investors pull £24.3bn from IA funds in 2023
UK equity strategies suffered £14bn net outflows over the year
Funds
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Abrdn American Income Equity closes after largest shareholder exits
The divestment took a substantial portion of the fund’s assets, making it ‘no longer commercially viable’
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RSMR makes Passive Plus MPS range available to wider market
The portfolios are now available to advisers across platforms
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LGIM to increase Reit exposure in UK property fund
Trust exposure will increase from 4% to 45% in an effort to improve liquidity
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Calastone: January 2024 sees most bullish investor sentiment in almost three years
Investors added £2bn to equity funds in January in one of the best months on record, but Calastone warns that returning confidence ‘should be treated with caution’
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Pridham Report: ‘Bruising’ 2023 sees record outflows for UK fund industry
BlackRock tops gross and net annual flows for 10th consecutive year
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Hargreaves Lansdown flags two funds as poor value in AoV report
Multi-Manager Asia & Emerging Markets and Strategic Bond funds red-flagged over poor performance
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Square Mile ousts trio of BNY Mellon funds from ratings academy
Square Mile adds four funds and ranges to its Academy of Funds
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Royal London closes top-performing Global Equity Select fund
The $360m fund gained much interest from investors since launch, but seeks to ‘maintain the integrity of its investment process’ by closing off new inflows
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Chinese property sector woes continue to weigh on fund performance in January
While IA North America and Tech continued to top monthly returns
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Calastone: Funds made record returns in 2023 but investors remain bearish
Rising equity markets pushed the value of mutual funds up by $10.7trn
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Parmenion: The changing face of fund research
‘Fund research was unsophisticated in the not so distant past, but improving methods have given investors a better understanding of portfolios’
