Lockdown shock sees record £10bn outflows in March - IA stats

Investor reaction to coronavirus

The initial reaction to the coronavirus lockdown resulted in a record £10bn in outflows from retail funds in March, according to latest figures from the Investment Association (IA).

It said fixed income funds were the worst-selling asset class in March with £7.4bn in net retail outflows. UK equity funds returned to inflows, however, with net retail sales of £747m during the month, while all other equity regions experienced outflows. Short term money market was the best-selling IA sector in March. The trade body said its net retail sales stood at £1.7bn, suggesting the value in those funds will be "re-deployed in April". Responsible investment funds remained resilient in March, with £113m in net retail sales, it added. IA to suspend equity income yield requi...