Investors sell active bond fund exposure and flock to passives in June

Actively-managed equity and commodity funds suffered a similar fate during the month, albeit to a lesser extent, while actively-managed real estate funds also saw net outflows. In contrast, investors turned their attention towards active money market, alternatives and mixed asset funds - the latter of which saw the largest inflows during June at more than £1.5bn. Dewi John, head of research at Refinitiv, told Investment Week the move from active to passive funds is more commonly seen across equity funds as opposed to their fixed income counterparts, but believes cost was "likely the mai...