Calastone: Funds made record returns in 2023 but investors remain bearish
Rising equity markets pushed the value of mutual funds up by $10.7trn
Rising equity markets pushed the value of mutual funds up by $10.7trn
While 2023 flows as a whole belonged to money market strategies
Improved market sentiment and rising prices tempted UK investors back
The sixth consecutive month of net selling saw £1.2bn of outflows
Marks 28 months of consecutive outflows for UK equities
UK equities funds once again struggled to retain money
Global equities pulled in a net £18.9bn since July 2021, while regional strategies suffered £21.1bn outflows
Equities shunned for fixed income despite a global stock market rally
ESG equity funds see largest outflows on record
While ESG equity strategies suffer worst ever monthly outflows in May
Investors pumped £1.4bn into equity funds in April but the outlook remains uncertain
Estimated £4bn outflows in the first quarter of 2023, according to Numis