Calastone: Investors pull £1bn from UK equity funds despite FTSE highs
European and Asian funds also suffered net outflows in January as North American funds continue to appeal
European and Asian funds also suffered net outflows in January as North American funds continue to appeal
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Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
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UK equity outflows doubled, while bond funds recorded its third worst ever month, according to Calastone’s Fund Flow Index
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While fixed income funds recorded their second worst month of withdrawals on record, according to the Fund Flow Index for May
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Inflows were up five times compared to last year’s ISA season
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Net inflows to North American funds were higher over the last four months than in the previous nine years combined
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While 2023 flows as a whole belonged to money market strategies
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Improved market sentiment and rising prices tempted UK investors back
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The sixth consecutive month of net selling saw £1.2bn of outflows
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Marks 28 months of consecutive outflows for UK equities
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UK equities funds once again struggled to retain money
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