Cautious investors pull nearly £1bn from equity funds in October

Global equity funds the only beneficiary

Concerns around the US election led investors to withdraw £960m from equity funds in October in search of less risky areas of the market, according to Investment Association figures.

According to the trade body's monthly statistics for October 2016, investors over the month pulled £888m from UK equity funds, £367m from European, £146m from Japanese, £108m from North American, and £39m from Asian equity funds. The only region to see equity inflows was Global funds, which took in £582m, far surpassing average net retail sales for the previous 12 months of just £59m. OMGI's Buxton avoids Brexit mistakes following US election Investors' bearishness towards equities was also reflected in passives flows, with equity tracker funds seeing an outflow of £154m, whereas f...