The breakthrough of a vaccine for Covid-19 sparked the second highest month of equity fund flows on record, according to new data from Calastone.
This boost to investors' confidence meant equity inflows of £2.3bn were registered in November, making this second highest month of equity fund flows on record. The highest month of equity inflows remains April 2020 when investors poured a net £2.7bn into these funds. Covid-19 prompts transactions surge across Calastone network Calastone's daily trading data shows that, in the five days prior to Pfizer's announcement of a vaccine breakthrough, equity funds experienced outflows of £389m. In the five days after this announcement, equity funds received inflows totalling £1.4bn. ...
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