Managers are confident the recent sell-off in equities presents a perfect entry point to an asset class on the brink of a rally. Maria Merricks reports.
Equity funds experienced their largest outflows on record in November as a year marred by extreme volatility and uncertainty saw investors flee the asset class. According to the IMA, a total of £864m was pulled from funds in the sectors – an even larger amount than in the 2008 crisis. Funds investing in developed markets were the worst hit, reporting withdrawals of £559m. Emerging markets stood up slightly better, although funds under management fell £28m. However, on 30 December, equity markets on the whole had not done anywhere near as badly as many were probably feeling, with the M...
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