The latest Morningstar Direct UK Asset Flows Update for April 2019 show both UK-domiciled bonds and money market funds are seeing inflows for the second consecutive month.
To counteract ongoing Brexit uncertainty, investors have increased exposure to short-term money market funds and government bonds in April 2019, for the second consecutive month, continuing an ongoing trend for heightened risk aversion. A combined £1.5bn could be seen flowing into fixed income and money market funds, while alternatives and equity funds saw outflows of £4.4bn in April. The Morningstar Direct UK Asset Flows Update April 2019 said: "Fixed income and money market funds saw inflows in April, continuing the trend seen in March, as investors seek relative safety in an enviro...
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