Equity funds see outflows for first time in over a year

IA data

Equity funds suffered net outflows in February for the first time in over a year, with investors pulling £136m over the course of the month, Investment Association figures released today (6 April) reveal.

The last recorded net retail monthly outflow from equity funds was in January 2017, since when there has been 11 months of net retail sales exceeding £1bn, according to the IA. The largest detractor in February was UK equity with a £510m net outflow in February. North American and global equity funds also saw marginal outflows. Overall UK authorised funds attracted £1.2bn from retail investors - and an additional £2bn from institutional investors in February - however total AUM fell slightly as a result of the month's volatile market environment, but still stands at more than £1.2trn....