2022 continues to be a torrid time for UK equities as the sector experiences record outflows in April, surpassing the previous high set at the beginning of the year, Calastone data reveals.
The latest Fund Flow Index (FFI) from Calastone shows investors pulled £836m from UK-focused equity funds last month, meaning two-thirds of UK funds experienced outflows, as investors sought out safe havens among the continuous market volatility. The selloffs in UK equities were mainly at the small and mid-cap end, creating an extra sting for actively managed funds, since portfolios in the lower cap space tend not to be passive. Calastone analysts said this explained why "actively managed funds bore the brunt of the outflows", almost three-quarters of the net total. This wave of outfl...
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