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Equity funds see record inflows as investors target vaccine hotspots in high hopes for post-pandemic boom

Fund Flow Index - May 2021

In April, British investors added record new capital to equity funds for the second month in a row. Net inflows hit a record £2.98 billion and took the year-to-date total to £7.93bn, easily the best start to a year since Calastone began recording figures in 2015. The last six months have seen four of the best months of inflows to equity funds on record. At 55.7, Calastone’s FFI:Equity was the most positive reading since April 2020.

Key highlights from this month's FFI:

  • Record inflows see £2.98bn added to global equity funds in April – marking the second consecutive month of record inflows into equities
  • The last six months have seen four of the best on record for equity fund inflows
  • Year-to-date total inflows into equity funds reached £7.93bn – the best on record since the FFI launched in 2015
  • Investors favour global, North American and UK funds, with demand for European equity funds waning
  • Active funds continue to fight back hard against passives, seeing more inflows in five of the last six months – in April active inflows came in comfortably higher than passive
  • ESG has contributed to active management recently, but in April conventional active funds easily won out
  • Total inflows across all asset classes hit a record £6.1bn in April