Rising inflation and the escalating crisis in Ukraine accelerated retail fund outflows to £2.5bn in February, up from £1.2bn in January, according to data published by the Investment Association.
UK All Companies saw the worst outflows of any IA sector, reaching £503m. Meanwhile, North America took the top spot with inflows of £570m. North America was also the best-selling equity fund region, with net retail sales of £588m, while Global took second with inflows of £322m. Meanwhile, all other equity regions experienced outflows, with UK funds at the bottom with outflows of £990m. Fixed income fund outflows reached their worst since the beginning of the pandemic, hitting £2.4bn as investors responded to rising inflation across the world. Money Market funds were the best-selling ...
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