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Greenland tensions drove outflows from European and UK equity funds in January

Fund Flow Index - February 2026

Greenland tensions drove a flight from equity funds in January, marking a weak start to 2026. Outflows totalled a net £697m during the month, after a calmer December. January extended the bout of net selling to an unprecedented eighth consecutive month.

Key highlights from this month's FFI:

  • Greenland tensions triggered renewed equity fund outflows - £697m in January
  • The escalation in late January marked a clear turning point in monthly flows
  • European and UK equity funds bore the brunt of selling, with other regions largely unaffected
  • Geopolitical risk is exerting a heightened influence on fragile investor sentiment
  • Fixed income and mixed assets remained steady amid equity weakness