Dewi John: Trying not to make astrologists look (too) good
Reading the tea leaves of recent fund flows, investors appear to be rebalancing portfolios after a turbulent year
Fund Flows
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Investors flock to fixed income as UK equities suffer
A structural shift away from the asset class is underway, said Calastone global markets head
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Inflows return but UK still out of favour
Net £1.4bn was invested in January but the UK All Companies sector still faced heavy outflows
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Unprecedented year of redemptions sees £54bn gush out of UK funds
2022 outflows dwarfed the money pulled in 2008 and 2019, according to Refinitiv Lipper
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Blackrock bests Vanguard in ETF flows
But total flows last year were down considerably from 2021
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UK equity funds haemorrhage record £836m despite performance pick-up
IA UK All Companies strategies sustained lower losses than global, US and European peers in April on average
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Omicron drove £83m from equity funds in two days
Investors add £108m to money market funds in November after outflows in 10 of the past 12 months
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UK equities shed £567m in September as multiple crises spook investors
‘Petrol panic, soaring inflation, empty supermarket shelves, fractured supply chains, crippling staff shortages and energy market turmoil’
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Funds see highest half-year retail inflows since 2017
At £24bn in H1, net sales are on track to make a record-breaking year for inflows
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Lottie McGurk: At least UK assets are ‘coming home’
Analysis by Last Word Research suggests UK fund selectors are strongly targeting domestic equities
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Appetite for UK equities slows in May as resurgent Covid fears dent enthusiasm
Flows into UK-focused equity funds halved from £303m in April to £147m in May
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UK small cap funds see second highest inflows on record in April
IA UK Smaller Companies took in £240m in April as economy began opening back up
