Morningstar has revealed the UK equity income sector has haemorrhaged £15.3bn since January 2016, with only a single month showing positive net flows since April 2016.
In a new report, UK Equity Income Funds Struggling to Retain Assets, Morningstar said poor performance was to mostly blame for the losses. Assets under management in the sector were £64bn in April 2019, down from £75bn at its peak in May 2018. Since April 2016 only the month of January 2018 received a positive net flow, of just £80m. Morningstar downgrades Woodford Equity Income due to 'extreme' positioning Bhavik Parekh, associate analyst, manager research at Morningstar, said performance had been "especially poor in recent years", compared with multiple comparable sectors and ...
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