Investors poured £3.3bn into UK funds in November, according to data from Morningstar, though the figure conceals what was otherwise a flat month for asset flows.
The sector saw flows from just one fund, the PUTM (Phoenix) Bothwell Global Bond fund, which saw a lump sum inflow of £3.2bn over the month. Excluding that fund and money market funds, the sector saw a £112m net outflow, according to the data. Aside from the PUTM Bothwell fund, fixed income strategies did see inflows, with investment-grade corporate bonds leading, followed by diversified and emerging-markets bond funds. Passive equity vehicles saw substantial outflows of £2bn, however, and US equity funds lost out to their global and sustainable peers. UK large-cap equity contin...
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