10.03.2019

Equity Funds Shed Capital At Record Speed

10.03.2019
Shanny Basar

From the October edition of the Calastone Fund Flow Index (FFI):

Active equity funds notched up a record fourth consecutive quarter of outflows in Q3, putting them comfortably on track for their worst year ever for 2019. An unprecedented £3.5bn flooded out of active equity funds between July and September alone, more than in the previous three quarters combined.

Here are some of the key highlights from this month’s FFI:Active equity funds see record fourth consecutive quarter of outflows

  • Q3 outflows were the biggest ever
  • Active UK equity funds were the hardest hit but global funds bucked the trend
  • By contrast, equity index funds saw inflows in Q3, and record inflows over the last 12 months
  • Collectively, however, equity funds (active plus passive) shed capital at a record speed Active equity funds notched up a record fourth consecutive quarter of outflows in Q3, putting them comfortably on track for their worst year ever for 2019 in Q3
  • The flight to safety was apparent across all asset classes in Q3 – fixed income and money market funds benefitted, but property, absolute return, and commodity funds lost out
  • September saw the flight to safety continue, but at a slower pace than earlier in Q3

To read further insights from the FFI, please click through this link

Source: Calastone

Related articles

  1. The suite enables GAM to seamlessly manage market risk exposure and liquidity and investment risk.

  2. Asset manager anticipates an SEC decision on converting its fund to a spot bitcoin ETF by early July.

  3. Fidelity continues to hire thousands to support cryptocurrency.

  4. Tradeweb Draws Buy Side in Europe

    Net sales registered net outflows of €3bn, compared to €42bn in March 2022.

  5. Justin Chapman will lead the Digital Assets and Financial Markets group.