UK investors pull £24.3bn from IA funds in 2023
UK equity strategies suffered £14bn net outflows over the year
UK equity strategies suffered £14bn net outflows over the year
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BlackRock, HSBC, JP Morgan among the best-selling European fund providers
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Passive bonds attract £18.2bn
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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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Outflows increased by 36.3% compared to 2022
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Rising equity markets pushed the value of mutual funds up by $10.7trn
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‘Chilling effect’ in the US and active management redemptions have pushed flows into negative territory, Morningstar reported
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European-domiciled funds as a whole attracted a net €49bn in 2023
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Money market funds were the only asset class to achieve positive net flows in 2023
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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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While 2023 flows as a whole belonged to money market strategies
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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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