UK equities remain unpopular as the first month of the year saw "a relatively small" £300m poured into UK-domiciled funds, according to Morningstar's latest fund flows report.
According to the report, equity funds had their highest net withdrawal since late 2019 as outflows from UK equity funds increased. Net redemptions from UK equity funds reached £2.3bn in January, and every category saw net outflows, except UK small-cap equity. The UK large-cap category had the largest absolute net outflows at £1.3bn. Net redemptions from BlackRock ACS UK Equity Tracker (£452m) and LF Majedie UK Equity (£248m) contributed over half of this. Fixed-income funds had a much better January, with a net £1.9bn added. The more bullish sectors, such as global emerging markets an...
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