Calastone: Investors pull £1bn from UK equity funds despite FTSE highs
European and Asian funds also suffered net outflows in January as North American funds continue to appeal
European and Asian funds also suffered net outflows in January as North American funds continue to appeal
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A further 30% to 50% of all European ESG funds are expected to change their names in line with FCA and ESMA marketing guidelines in 2025
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Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
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Investors withdrew £5.9b from investment funds over concerns about Chancellor Rachel Reeves’ tax changes
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They lost £25.33bn since 2021 but raked in £317m in November once Budget fears receded
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Active equity and fixed income funds saw positive inflows for the month
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September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
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Fund-of-funds recorded the highest increase in sales, according to ISS Market Intelligence data
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Bonds balloon by £631m while money markets increase £402m
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Outflows of £666m were seen from UK equity funds during the month of September alone, according to Calastone data
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Fixed income funds also shed record amounts of cash during August and September
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UK equity outflows doubled, while bond funds recorded its third worst ever month, according to Calastone’s Fund Flow Index
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