Flows into fixed income funds slow as investors turn to global equities

Popularity of passives helps Royal London, BlackRock and Vanguard

Fixed income funds saw a lower level of net inflows in February, while the global large-cap blend equity Morningstar category attracted the most assets during the month, according to the latest fund flows data.

The Morningstar Manager Research UK fund flows data for February showed that fixed income attracted £155m in net inflows, with the lower level of flows "particularly noticeable", Morningstar said, compared to the strong net inflows seen throughout 2019. But equity funds had their fourth consecutive month of net inflows following net redemptions last year. Total net inflows for UK-domiciled funds excluding money market funds stood at £126m in the month, lower than in the previous two months. BlackRock tracker takes bulk of £1.3bn sustainable allocations The Global Large-Cap Blend...