UK investors have continued to turn their backs on equities despite a global stock market rally, according to Calastone’s latest Fund Flow index.
Investors sold £983m of their holdings in all equity funds, the highest outflows level since September 2022 following the Mini Budget, while July 2023 was the 26th consecutive month of net outflows for UK-focused equity funds at £710m. Calastone: Investors pull £662m from equities in June Over the past three months, investors pulled £1.95bn from equity funds, despite global stock markets rising strongly. ESG focused funds recorded the biggest outflows for the period, shedding a record £376m. This was the third consecutive month of outflows, the longest run of selling on record, Cal...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
