European funds' fortunes reversed in May as UK vehicles record £571m in outflows

Meanwhile, UK funds recorded heavy outflows, with £571m withdrawn over the month, while UK Equity Income topped the table as the worst-selling IA sector, contributing £375m of the negative flows. Global stood out as the best-selling region, drawing £736m in net retail sales, while North America took the silver spot with £206m and Asia also stayed positive, receiving £59m in net retail inflows. Property funds continued their long-standing losing streak as they recorded £184m of net retail outflows during May. That month saw M&G lift the shutters on its 17-month suspended fund, resultin...