Fixed income funds saw outflows in September as market volatility hit sentiment, according to fund flows data from Calastone.
Investors redeemed £128m from bond funds last month, while safe-haven and high-yielding money market funds brought in a net £189m. The outflows from bond funds come on the back of a weak August, when investors pulled a net £330m of their fixed income holdings. Between January and July, investors poured £4.7bn into bond funds. According to Edward Glyn, head of global markets at Calastone, the bond markets are "in the driving seat at the moment". IA: Inflows into trackers double in August as fixed income funds revert to outflows "One moment, inflation coming in better than expect...
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