Mixed assets, money market win as investor caution ratchets up
Money market and mixed asset funds were the flavour of the month as UK investors continued to head for the hills in September, the latest data from the Investment Association showed.
Fund Flows
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Referendum uncertainty triggered £3.5bn net outflow
The uncertainty stemming from the United Kingdom’s referendum on European Union membership was the main driver of a £3.5bn net outflow from UK asset managers in June, according to the Investment Association.
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Fidelity rises despite industry’s ‘worst Q1 in over 20 years’
Continued growth in the Fidelity Moneybuilder and global dividend franchises helped the firm to its best net retail sales showing in over a decade.
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Blackrock reinforces dominance in European fund industry
Blackrock now manages more European investor money than the next two largest asset managers combined after the US-based asset manager saw strong inflows during the first quarter of 2016, according to data provided by Lipper.
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European investors shun Japanese, US large-cap in Feb
Outflows from open-ended funds in Europe continued apace in February, the latest data from Morningstar reveals.
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Risk-on returns for first time in ten weeks
Risk-on sentiment has returned for the first time in ten weeks according to fund flow data from Bank of America Merrill Lynch.
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Performance fees power Jupiter amid turbulent markets
A sharp jump in performance fee income boosted Jupiter Fund Management’s profit numbers for the six months to end June, despite adverse market performance in the second quarter.
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Gold and metals funds see $1.1bn outflows
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.
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Has the high yield exodus begun
European investors pulled out a net 5bn from USD corporate high yield funds alone in July.
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Corporate bonds suddenly return to favour
European investors have suddenly started to pour in money into corporate bonds in June, while net inflows into high yield bond funds collapsed.
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Henderson profits boosted by 5bn in net inflows
Despite a 16% increase in underlying expenses, the asset manager remains positive about the second half as retail net inflows continue to grow.
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Ten funds with big outflows in H1
Fund flow data for the first six months of 2014 reveals definite winners and few decided losers, in terms of money in and out.
