UK Investors Pull Record Net £1.9bn From Equity Funds

UK Investors Parse Active Management

UK investors rushed for the exits in August, pulling a record net £1.93bn from equity funds. The outflow easily beat the previous records set in June and July 2016 when the Brexit vote prompted a net outflow of £1.54bn and £1.56 bn respectively. August’s net outflow was driven by a significant increase in selling activity rather than a drop-off in buy orders, indicating a decisive choice to exit holdings.

Key highlights from this month’s FFI:

  • August saw record selling of equity funds – £1.93bn
  • Bear-market rally saw £2.33bn withdrawn from equity funds between mid-July and mid-August
  • All geographies saw outflows, with record selling in North American and Asia-Pacific funds
  • Sector funds focused on renewable energy and infrastructure enjoyed inflows, as did ESG equity
  • Equity funds have shed £4.3bn year-to-date

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

Source: Calastone

Related articles

  1. Outsourcing "is no longer a taboo word," Linedata EVP Anup Kumar says.

  2. Tradeweb-CodeStreet Deal Aims to Pool Liquidity

    With Lindsey Spink, Co-Head of Global Fixed Income Trading, American Century Investments

  3. White paper identifies initial steps financial organizations can take to protect themselves. 

  4. It’s time to assess technology users' needs holistically, rather than granularly at the application level.

  5. With Natacha Dezert and Aman Mehta of BNP Paribas Securities Services.