European-domiciled long term funds attract €62.6bn for October
Active equity and fixed income funds saw positive inflows for the month
Active equity and fixed income funds saw positive inflows for the month
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
Fund-of-funds recorded the highest increase in sales, according to ISS Market Intelligence data
Bonds balloon by £631m while money markets increase £402m
Outflows of £666m were seen from UK equity funds during the month of September alone, according to Calastone data
Fixed income funds also shed record amounts of cash during August and September
UK equity outflows doubled, while bond funds recorded its third worst ever month, according to Calastone’s Fund Flow Index
While 43% posted positive net flows to signal improving investor confidence
UK investors remove net £136m in May after March and April inflows
They raked in £11.4bn in the first half of the year, with UK investors favouring US and global funds
Largely driven by inflows into fixed income products
Passive funds were the most popular purchase, accounting for 74% of sales over the period