M&G mulls future expansion with boutique acquisitions
Portfolio Adviser speaks with CEO Joseph Pinto following the publication of the firm’s results last week
Fund Flows
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Are we close to a crowded trade ‘tipping point’?
Investors have shown no signs of breaking their broader entanglement with the Magnificent Seven
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UK investors pull £24.3bn from IA funds in 2023
UK equity strategies suffered £14bn net outflows over the year
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LSEG: Bond funds pull in €29.7bn in January
BlackRock, HSBC, JP Morgan among the best-selling European fund providers
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LSEG Lipper: Bonds bring over £10bn in flows while equities drop £23bn
Passive bonds attract £18.2bn
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Calastone: January 2024 sees most bullish investor sentiment in almost three years
Investors added £2bn to equity funds in January in one of the best months on record, but Calastone warns that returning confidence ‘should be treated with caution’
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The Lang Cat: Advised platforms suffer record outflows in 2023
Outflows increased by 36.3% compared to 2022
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Calastone: Funds made record returns in 2023 but investors remain bearish
Rising equity markets pushed the value of mutual funds up by $10.7trn
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Global sustainable funds see first quarter of outflows
‘Chilling effect’ in the US and active management redemptions have pushed flows into negative territory, Morningstar reported
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Morningstar: European fund giants suffer outflows in December 2023
European-domiciled funds as a whole attracted a net €49bn in 2023
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Morningstar: Equity funds leak £18bn in second-worst year on record for outflows
Money market funds were the only asset class to achieve positive net flows in 2023
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IA: Funds achieve net inflows of £1.1bn in November as monetary outlook brightens
A potential end to interest rate hikes injected optimism back into UK investors, who favoured passive funds over their active counterparts