Investors withdrew a net £1.41bn from equity funds in October. It was the ninth-largest month on record for outflows and the third-largest this year. Equity funds have now seen outflows in 16 of the last 17 months.
Key highlights from this month's FFI:
- October saw the ninth-largest monthly outflow for equity funds on record, and the third-largest this year
- Passive equity funds suffered their first outflows since August 2023
- Reduced buying caused the outflow, not higher selling, and there was no discernible immediate Budget effect
- UK-focused equity funds shed £815m, taking year-to-date outflows to £5.27bn
- ESG funds shed £754m and have accounted for 75% of equity outflows year-to-date
- Money market inflows reached their highest since November 2025; property funds enjoyed their best month since August 2018