UK equities cast aside as £11bn flows into funds in second quarter
Fund sales in Q2 alone reached £11.2bn which outpaced the £9.8bn seen in the whole of 2019
Fund sales in Q2 alone reached £11.2bn which outpaced the £9.8bn seen in the whole of 2019
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£4bn net flows in April still fall well short of compensating for mass outflows in March
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Middle of the month saw buying frenzy as evidence showed pandemic outbreak was slowing
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Assets more than halve in one multi-billion pound Ashmore fixed income fund
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But UK equity funds enjoyed inflows in time for the UK general election
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Blackrock and LGIM top the tables in quarter where Woodford hit investor sentiment
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UK Equity fund underperformed the FTSE All Share as growth sold off
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Tech-focused funds have had just one month of negative flows since mid-2016
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Total net inflows see a near threefold increase year-on-year
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ETF launches boost sales of ESG products
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But advisers are considering move to active ahead of anticipated bear market
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US investors have begun 2018 in a very bullish mood, with inflows into equities funds over the last four weeks hitting a new record, according to a report from BofA Merrill Lynch Global Research.
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