North American equity funds suffer outflows in June despite strong US market performance

Calastone Fund Flow index

Flows into North American equity funds dried up in June, as investors pulled around £600,000 from such strategies, according to Calastone’s Fund Flow index.

The sector has broken several records in 2024 alone, the firm noted, with investors pouring cash into North American equities to tap into the tech rally started at the end of 2023, recording £7.8bn inflows in the first six months of the year. Equity funds inflows soar fivefold during ISA season Investors turned to global funds instead in June, resulting in net inflows of over £1.3bn, followed by European equities (£714m) and emerging markets (£269m), after two consecutive months of net selling for EM strategies. The loss of interest in North American equities also impacted ESG fund...