Retail funds saw net negative flows of £859m in January, compared to net sales of £4.2bn over the same month last year, according to the latest statistics from the Investment Association.
The figures follow a particularly volatile Q4 in 2018 which saw net outflows every month, amounting to £5.9bn for the quarter. Though flows were not as bad in January, they were substantially worse than January last year which saw inflows of £4.2bn. Equity funds were hit the hardest with outflows of £870m, followed by funds classified as 'Other' which includes Targeted Absolute Return and Volatility Managed vehicles, which saw outflows of £427m. However, there was good news for fixed income after three consecutive months of outflows, with the asset class seeing inflows of £253m. The b...
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