Funds investing in UK equities have suffered net outflows of £1.4bn during September, while fixed income remained in favour, according to the latest monthly report on UK-domiciled funds from Morningstar.
According to the report, a net inflow of £220m into the Vanguard FTSE UK All Share index was not enough to offset the £500m outflow from the equivalent State Street UK Equity Tracker, contributing to total net outflows of £1.4bn from UK equities, while UK equity income also suffered redemptions. "Performance has often been poor in both cases, but especially in the case of UK equity income where year to date to the end of September the average fund lost almost 24%," the report said. "UK equity income strategies by Threadneedle, Artemis, and Invesco saw the highest net outflows, but thi...
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