Investors pulled £1.9bn from fixed income strategies in June, the largest the largest outflow compared to other asset classes.
According to Morningstar's UK Fund Flows study, June's heavy outflows from fixed income strategies came on the back of high redemption levels for the asset class since the beginning of the year, reaching a total of over £5.7bn in the first six months of 2024. Overall, outflows from UK-domiciled funds reached £3bn last month, with total redemptions since 2022 in UK-domiciled funds reaching £77bn. In June, UK Large-Cap Equity funds added to this total, experiencing more than £2bn in outflows for the month. Giovanni Cafaro, research analyst at Morningstar, said the latest figures fol...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
