Calastone: Equity funds suffer one of worst months for outflows
ESG equity funds see largest outflows on record
ESG equity funds see largest outflows on record
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While ESG equity strategies suffer worst ever monthly outflows in May
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In choppy and uncertain markets, absolute return funds offer potential for positive returns
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Investors pumped £1.4bn into equity funds in April but the outlook remains uncertain
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In the US, investors pulled £4.2bn from ESG strategies
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Estimated £4bn outflows in the first quarter of 2023, according to Numis
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Reading the tea leaves of recent fund flows, investors appear to be rebalancing portfolios after a turbulent year
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A structural shift away from the asset class is underway, said Calastone global markets head
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Net £1.4bn was invested in January but the UK All Companies sector still faced heavy outflows
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2022 outflows dwarfed the money pulled in 2008 and 2019, according to Refinitiv Lipper
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But total flows last year were down considerably from 2021
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IA UK All Companies strategies sustained lower losses than global, US and European peers in April on average
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