UK equities suffer heavy sell-off in September

Multiple crises "spooked" investors, who withdrew a net £567m from UK equity funds during the month, according to the latest fund flow report from Calastone. Active UK funds bore the brunt, accounting for 98% of the overall outflow for UK-focused funds in September, as the country struggled to grapple with issues such as a supply chain crisis, inflation, and panic-buying at petrol stations. Despite the heavy sell-off of UK equity funds, ESG funds continued to enjoy inflows, the fund transaction network noted. It was non-ESG funds that suffered the redemptions, it said. Edward Glyn,...