Equity funds suffered a second consecutive month of outflows in July, while fixed income funds enjoyed another month of strong inflows, according to the latest Fund Flow Index from Calastone, the largest global funds network. Overall, equity funds shed £240m in July, but ESG and global funds proved to be successful, not least because most ESG funds are global. Funds focused on UK equities were hardest hit, seeing outflows of £377m in July, taking the two-month total outflow from UK equities to almost £1.1bn. Outflows from equity income funds accelerated, breaking the record for a sec...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes