Calastone: UK-focused equity funds shed £826m in May as investors seek inflation hedge

Equity funds collectively lost £310m of capital last month, taking the net outflow year-to-date to £877m. This is the worst start to a year on the Calastone fund flow index's eight-year record and contrasts to net investment of £9bn in the first five months of 2021. May's £826m net selling from UK-focused funds extended outflows to a record twelve-month streak, longer than for any other segment in the market. Moreover, the three worst months on record for UK equity funds have been in 2022 alone. Morningstar: European equity funds return to positive territory in April UK smaller com...