The percentage of assets in equity funds has declined from more than 80% of total industry assets in 2000 to just 56.7% this year, as UK investors switch in favour of alternative and multi-asset strategies, according to a Fundscape report.
Its research contained in The Essential Guide to the UK Fund Distribution Landscape study found sales of equity funds reached their peak during the dotcom bubble at the turn of the millennium, but have since declined. IA reports first monthly retail outflows since Brexit vote The report said: "The bursting of the dotcom bubble in 2000 resulted in many first time equity fund investors getting their fingers burnt. At that time, over 80% of fund managers' assets under management were in equity funds. "By 2007, that proportion had declined to 70% and although the value of equity funds...
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