Calastone: January record month for UK fund outflows

Investors sold down £795m

UK-focused equity funds had record outflows last month as investors sold down £795m of their holdings, according to Calastone’s latest Fund Flows Survey, beating out the previous record for outflows in June 2020.

Eight consecutive months of outflows totalled a record £2.9bn, as investors moved to boycott UK-focused funds. The survey revealed outflows were the result of long-term lack of buying activity among investors, as opposed to an increase in selling. Selling was heaviest when global markets declined on 21 and 24 January, according to Calastone, and the subsequent rebound period was significantly absent of UK-focused fund buying. Gina Miller: 'We are all Brexiteers now' Even the nine months of selling at the time of the Brexit referendum saw fewer outflows of £2.3bn, according to the f...