Retail funds return to positive flows in September but UK equities 'firmly out of favour'

Latest IA figures reveal positive turn

Laura Dew
clock • 1 min read

UK retail funds saw net inflows of £642m in September, reversing outflows of £217m in the previous month, according to the latest statistics from the Investment Association.

August's outflows of £217m marked the first month of negative flows since the EU referendum in 2016, but September once again saw a turn of fortunes for UK retail funds. The biggest sector contributor to the positive flows last month was IA Mixed Investment 40%-85% Shares with net retail sales of £268m. This beats inflows into the Global sector, which was the best-seller last month, having taken in £417m. In September, it attracted positive flows of £236m.   Funds in the North America sector also saw strong demand, jumping from tenth place in August with sales of just £62m to the t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Legal & General closes Future World Sustainable Global Equity Focus fund

Legal & General closes Future World Sustainable Global Equity Focus fund

Launched in December 2021

Valeria Martinez
clock 01 November 2024 • 1 min read
Hedge fund founded by Wirecard sceptics shuts down

Hedge fund founded by Wirecard sceptics shuts down

'Too small to be viable'

Linus Uhlig
clock 31 October 2024 • 1 min read
Ninety One shuts Global Macro Alternative fund

Ninety One shuts Global Macro Alternative fund

Three share classes closed for two other funds

Cristian Angeloni
clock 31 October 2024 • 1 min read
Trustpilot