Calastone: Equity fund inflows surge to £2.4bn in December

Rise driven by vaccine optimism

Vaccine optimism helped equity fund inflows surge to £2.4bn in December, the second-best month on record, according to new data from Calastone.

This took equity fund inflows to a five-year high of £4.6bn in the fourth quarter of 2020. For the whole of 2020, equity inflows were £7.5bn, almost four times greater than 2019. "The coronacoaster year for equity funds ended on a high as rock-bottom interest rates and the prospect of mass vaccination boosted both stockmarket valuations and the appetite to hold shares," said Edward Glyn, head of global markets at Calastone. Calastone: Vaccine causes second highest equity flows ever The report said index fund flows comfortably beat active fund flows over the course of the whole year...