Investors redeemed £5.4bn from UK-domiciled open-ended funds in June, higher than the previous month and the highest since March 2020, data from Morningstar shows.
Accoring to June's UK Asset Flows report, equity strategies took the biggest hit with almost £4bn in net redemptions. Over half of the outflows came from UK equity funds, seeing net withdrawals of £2.6bn. Allocation funds had their worst month since March 2020. In contrast, fixed income funds did not experience significant outflows despite poor performance, but their flows were muted in comparison to stronger subscriptions in the recent past. Morningstar figures reveal drop in recently ESG rebranded funds flows Sustainable funds continued to see inflows, particularly for equity str...
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