Fixed income and money market funds were alone in recording UK inflows in January 2023, analysis from Morningstar has revealed.
Morningstar's latest analysis of UK fund flows showed that fixed income saw £1.6bn in inflows throughout the month, while money markets enjoyed £2bn of net inflows. Meanwhile, other sectors suffered, with equity funds experiencing £1.2bn in outflows, allocation losing £926m, alternative funds losing £215m and property seeing £44m in redemptions. Passive continued to beat out active in terms of flows, experiencing £1.5bn in inflows throughout the month, compared to £2.1bn in outflows for active funds. This matches the year-long trend, which saw passives gain £11.2bn, while actives lost...
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