Calastone: Equity funds pull in record £27.2bn inflow in 2024
Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
Enthusiasm for equities did not translate to UK equity funds, which suffered £9.6bn outflows
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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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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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While 2023 flows as a whole belonged to money market strategies
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Improved market sentiment and rising prices tempted UK investors back
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The sixth consecutive month of net selling saw £1.2bn of outflows
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Marks 28 months of consecutive outflows for UK equities
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UK equities funds once again struggled to retain money
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