Dismal start to 2019 as retail funds see net outflows of £859m

Latest IA stats

Jayna Rana
clock • 1 min read

Retail funds saw net negative flows of £859m in January, compared with net sales of £4.2bn in the same month last year, according to the latest data from the Investment Association.

The figures follow a particularly volatile Q4 in 2018 which saw net outflows every month, amounting to £5.9bn for the quarter. Though flows were not as bad in January, they were substantially worse than January last year which saw inflows of £4.2bn. Equity funds were hit the hardest with outflows of £870m, followed by funds classified as 'Other' which includes Targeted Absolute Return and Volatility Managed vehicles, which saw outflows of £427m. However, there was good news for fixed income after three consecutive months of outflows, with the asset class seeing inflows of £253m. The b...

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