Outflows from UK retail funds surpassed £2bn in November, according to the latest monthly statistics from the Investment Association (IA), up from £1.6bn in the previous month.
The IA statistics found net retail flows were negative for UK authorised and recognised funds with £2.1bn in outflows during the month. More than half of this came from fixed income funds, with the asset class seeing outflows of £1.2bn, although this was down from the £1.7bn in outflows in October. Worst affected among the fixed income sectors was the £ Strategic Bond category, which saw outflows of £564m, while Global Emerging Market Bond was the only fixed income sector to see positive flows (£57m). Bond funds shed £1.6bn in October amid worst retail outflows since EU referendum...
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