Calastone: Equity flows positive for first time in half a year
Improved market sentiment and rising prices tempted UK investors back
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
Fund flow data shows investors continue to trim their domestic weightings
Brian Godins is one of three senior appointments at the firm