Covid and Brexit batter UK equity fund flows for fifth consecutive month
Investors voted with their feet in October pulling more than £350m
Calastone
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Equity funds sweep up £2.6bn as Covid bounce takes hold
Middle of the month saw buying frenzy as evidence showed pandemic outbreak was slowing
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Coronavirus fears put abrupt end to Boris bounce
Net flows into equities fell by more than two thirds between December and January
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Fund distributor brings blockchain to retail network
Global fund distributor Calastone has claimed it will be fully migrated onto a blockchain-enabled infrastructure by 2019.
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Calastone enables auto rereg for 80 of FMs
Over 80% of UK fund managers can now automate their asset re-registration via associated third party administrators (TPAs), according to Calastone.