Calastone: The future of money market funds
Tokenisation is set to transform the role of money market funds, writes Ed Lopez
Tokenisation is set to transform the role of money market funds, writes Ed Lopez
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Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
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They lost £25.33bn since 2021 but raked in £317m in November once Budget fears receded
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Bonds balloon by £631m while money markets increase £402m
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Fixed income funds also shed record amounts of cash during August and September
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UK equity outflows doubled, while bond funds recorded its third worst ever month, according to Calastone’s Fund Flow Index
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Equities see a net £2.19bn in inflows
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Assets have skyrocketed to $12.7trn, and policy needs to keep up with rapidly accelerating demand
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They raked in £11.4bn in the first half of the year, with UK investors favouring US and global funds
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While fixed income funds recorded their second worst month of withdrawals on record, according to the Fund Flow Index for May
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Inflows were up five times compared to last year’s ISA season
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Net inflows to North American funds were higher over the last four months than in the previous nine years combined
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