Fixed income funds saw the largest inflow in two years and the fourth highest on record in November, but investors are still cautious about UK-focused equity funds, which took the hardest hit.
According to the latest Fund Flow index from Calastone, fixed income funds saw inflows of £1.1bn, while equity funds recorded their first inflows since April. Investors added a net £383m after the fall in bond yields sparked a rally in equity markets, but there was a wide divergence across categories. Calastone: Investors pull a record net £1.9bn from equity funds in August ESG funds had their best month on record, enjoying a net £1.6bn of net inflows after a muted period between March and September. Investors also added £1bn to global funds, over half of which was ESG cash. E...
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