Calastone: Funds made record returns in 2023 but investors remain bearish
Rising equity markets pushed the value of mutual funds up by $10.7trn
Fund Flows
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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
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Calastone: UK investors pile into US equity funds in December
While 2023 flows as a whole belonged to money market strategies
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The funds that made and lost the most money in 2023
Some funds were flooded with fresh cash last year, while the likes of Fundsmith Equity and Liontrust Special Situations lost billions
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Lipper: Bonds continue to dominate in September as active funds suffer again
Equities funds collectively shed a net £1.62bn
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Cash funds and passives dominate Hargreaves Lansdown charts
Five L&G passive funds in top ten
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Calastone: Flight from equities and ESG continues but emerging markets bucks the trend
Marks 28 months of consecutive outflows for UK equities
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Aviva Investors net inflows hold at £200m but platform flows halve
Platform flows have fallen from £2.4bn to £1.2bn over one year
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Calastone: UK investors ditching regional equity funds for global sector
Global equities pulled in a net £18.9bn since July 2021, while regional strategies suffered £21.1bn outflows