Investors flock to fixed income as UK equities suffer
A structural shift away from the asset class is underway, said Calastone global markets head
A structural shift away from the asset class is underway, said Calastone global markets head
The sector has suffered 20 consecutive months of outflows as global equity funds prove more attractive
While £1.09bn poured into bond funds in November, Calastone’s Fund Flow Index found
UK-focused funds have haemorrhaged money for 12 months in a row
IA UK All Companies strategies sustained lower losses than global, US and European peers in April on average
Investors add £108m to money market funds in November after outflows in 10 of the past 12 months
‘Petrol panic, soaring inflation, empty supermarket shelves, fractured supply chains, crippling staff shortages and energy market turmoil’
Property and mixed asset funds fall out of favour, while ESG product interest rises
Redemptions slowed to £94m last month while ESG equity funds welcomed second-best month on record
Flows into UK-focused equity funds halved from £303m in April to £147m in May
April saw investors plough £3bn into equity funds while outflows from property slowed significantly
Investors are behaving like fund managers by trading active funds opportunistically and ‘buying and holding’ index trackers