IA fund flows: Tracker funds hit record £3.8bn net inflow in April
Largest net inflows for the IA fund universe as a whole since August 2021
Largest net inflows for the IA fund universe as a whole since August 2021
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Only 35% of active funds beat their benchmark over the past 12 months, and ESG portfolios were even worse off
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All major asset classes suffered a second consecutive month of net withdrawals
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Some tracker fund charges are costing 20 times the cheapest possible rate
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Things have picked up for active managers after a ‘bleak 2022’
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