The latest fund sales figures from the Investment Association (IA) show more than an air of caution among UK retail investors in the current climate, with outflows from US, UK and European equity mandates in favour of fixed income, multi-asset and even money market funds.
Trade wars, Brexit and crises in various emerging markets including Turkey and Argentina have taken their toll on investor sentiment, with savers questioning fuller valuations and the continuation of a nine-year bull market as they look to take profits and shore up portfolios. July's figures revealed net retail sales of £977m, well down on the £4.1bn reported in the same month in 2017. In particular, combined outflows of £315m from the UK All Companies, UK Equity Income and UK Smaller Companies sectors continued the trend of negative sentiment towards the UK as Brexit approaches. Del...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
