Equity funds saw their largest net inflows since December 2021, taking in £960m over March despite worries over turmoil in the banking sector through the month.
According to Calastone's March Fund Flow Index there was significant turnaround from January and February, which saw significant outflows. As a result of these outflows, the first quarter of the year saw just £199m of net inflows to equity funds, despite the near £1bn added in March. Global funds were the biggest winner of improving investor confidence, absorbing £1.7bn in new capital, making this their best month since November 2021 and third best on record. Emerging markets were also strong contenders, gaining £393m, their best performance in over a year. In turn, UK equity funds co...
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