Exodus from UK equity funds ramps up

Net retail outflows of £532m in January

Investors continued to abandon UK equity funds in January with net retail outflows of £532m over the month, according to the latest Investment Association (IA) statistics.

Outflows from UK-focussed funds more than doubled from the level seen in December, when investors ditched £202m from UK funds. The UK All Companies and UK Equity Income sectors saw increased outflows of £259.3m and £338.6m respectively, up from the £121m and £87m in outflows seen in December. The UK Smaller Companies sector fared better, with inflows of £65.4m, up from the £5m of inflows the previous month. Fixed Income - the best-selling asset class of 2017 - came out on top in January with £1.6bn of net retail inflows, an increase from the £979m of inflows seen in December. Septe...