Fixed income funds were the most popular among UK investors in the run up to the EU referendum, taking in £315m during May as buyers lowered their risk exposure in preparation for the vote.
According to Investment Association figures, equity funds saw the largest net retail outflows at £439m, with investors pulling money over fears a Brexit could weaken the outlook for UK stocks. Property funds also saw net retail outflows of £360m as a potential departure from the EU raised questions over the future for UK property valuations. Investment Association names TheCityUK's Cummings as new CEO However, the Sterling Corporate bond sector was the best selling sector with net retail inflows of £264m as investors flocked to safe haven assets, the first time it has been the top ...
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