Flows into UK-domiciled funds suffered their worst month since October 2016 last month, according to global funds transaction network Calastone, as concerns over the strength of the global economy caused increasingly bearish sentiment.
According to the firm's Fund Flow Index (FFI), net inflows into UK-domiciled funds dropped to just £39.8m, marking a 99.3% fall from December 2017, while the FFI fell to 50.1, its lowest reading since October 2016. The Calastone FFI is a monthly report that measures investor sentiment for UK investors. It shows the net inflow and outflow of capital to and from open-ended investment funds relative to the total value of units bought and sold in those funds. A score of 50 means inflows equal outflows. Equity funds see highest inflows since April last month as investors shake off 'Red Oct...
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