BlackRock strategies dominated the list of top 20 funds by monthly inflows in July, with six of the firm's funds claiming a spot, according to analysis from Numis.
Throughout July, UK open-ended funds received £1.1bn in inflows, a strong reversal of the £986m net outflows in June, meaning there has now been net inflows in six of the seven months of 2023. The fund with the highest inflows was the Blackrock ACS US Equity Tracker fund, gaining £731m, while the runner-up HL Global Corporate Bond fund brought in £529m after it launched in July. Equity trusts dominate platform most bought lists despite recent alternatives issuance Other top-performing BlackRock funds included the Blackrock ACS Japan Equity Tracker fund, gaining £252m in inflows, an...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes