IA stats: Outflows mount from UK retail funds to surpass £2bn

Bond funds severely affected

Laura Dew
clock • 2 min read

Outflows from UK retail funds surpassed £2bn in November, according to the latest monthly statistics from the Investment Association (IA) - up from £1.6bn in the previous month.

The IA statistics found net retail flows were negative for UK authorised and recognised funds with £2.1bn in outflows during the month. Over half of this came from fixed income funds, with the asset class seeing outflows of £1.2bn, although this was down from the £1.7bn in outflows in October. Worst affected among the fixed income sectors was the £ Strategic Bond category, which saw outflows of £564m, while Global Emerging Market Bond was the only fixed income sector to see positive flows (£57m).  Bond funds shed £1.6bn in October amid worst retail outflows since EU referendum Ove...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Chancellor unveils 50% relief

Cristian Angeloni
clock 30 October 2024 • 1 min read
Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read