Retail investors withdrew more than £7bn from investment funds over three months to the end of March, according to the latest statistics from the Investment Association, with bond funds accounting for £6bn of outflows.
Monthly withdrawals from funds also rose markedly, with overall outflows rising from £1.2bn in January to £3.4bn in March. Fixed income funds suffered £3.3bn of outflows in March amid tightening monetary policy and stubbornly high inflation, while European equity funds saw £505m of assets withdrawn - up from £142m in February - following Russia's invasion of Ukraine. Tilney Sustainable MPS adjusts portfolio amidst dire market conditions Regional equity funds across the piste suffered outflows of £309m, having all lost assets other than Japan, which saw inflows of £10m Money mark...
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