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...
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