Refinitiv: UK funds suffer largest outflows on record in September

Greater than GFC or March 2020

September saw the largest redemptions from UK focused funds on record, with equity portfolio taking the biggest hit, Investment Week can reveal.

According to the latest Refinitiv Lipper UK Fund Flows report, investors pulled net £26.6bn from UK funds last month, bigger than in the Global Financial Crisis and during the March 2020 Covid-19 selloff.  All asset classes were in negative territory, with equities taking the biggest hit with £13.6bn worth of redemptions, followed by alternatives (£5.1bn) and bonds (£4.7bn).  Active fund redemptions were almost ten-times that of passives, at £25.2bn to £2.6bn respectively. Meanwhile, it was a better month for passive bond funds, with positive flows of £1.6bn to £475m for mutual funds ...