Equity funds suffered a punishing month of outflows in June as the global bear market shook investor sentiment. Investors withdrew a net £1.06bn of their equity-fund holdings during the month, taking 2022’s cumulative net outflow to £1.94bn.
Key highlights from this month's FFI:
- Equity funds suffered £1.06bn outflows in June
- UK-focused funds bore the brunt – outflows reached a record £1.14bn - the 13th consecutive month of selling
- Income funds and ESG bucked the trend – enjoying inflows
- Index funds are seeing greater outflows than active ones, even after the success of ESG is accounted for
- Fixed income and mixed assets also saw outflows in June
- But property saw its first inflows in almost four years as investors perceive its defensive qualities