UK investors poured £893m into fixed income funds in July, marking it out as the first month of positive flows for the asset class this year, according to data from the Investment Association.
While fixed income funds took in capital, all other asset classes saw outflows, with equity funds and mixed asset funds bleeding £1.6bn and £117m respectively. According to separate data from BlackRock, fixed income also dominated ETF flows over the month, as $32.5bn flowed into fixed income vehicles. July flows into fixed income, money market and other funds went most of the way to offsetting the outflow from equity and mixed assets, with UK retail outflows slowing on the previous month, though investors still withdrew a net £129m from investment funds, down from £4.5bn in outflows ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
