Fixed income funds enjoyed £632m inflows in May, while UK-focused funds continued to experience outflows, according to data by the Investment Association.
In total, UK retail investors put £356m into funds in May, while institutional clients pulled £2.76bn. In comparison, retail investors withdrew £921m from the funds market in May 2022. Government Bond was the IA sector that topped the sales tables with £658m inflows, followed by Short Term Money Market (£382m), UK Gilts (£344m), Volatility Managed (£173m) and Global Equity Income (£173m). The worst-selling IA sector in May was UK All Companies, which experienced outflows of £916m. Global funds were the top selling equity region with net retail inflows of £261m. Calastone: Invest...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
