Q3 marked the worst quarter for equity fund outflows on record as investors ran scared of sky-high stock markets. Investors withdrew £1.20bn of their equity-fund holdings in September, taking the Q3 total to £3.64bn, the worst of any three-month run on Calastone’s 11-year record.
Key highlights from this month's FFI:
- Investors pulled £3.64bn from equity funds in Q3, the worst three-month outflow on record
- £1.20bn withdrawn in September alone, leaving year-to-date inflows close to zero
- Every major equity sector saw outflows except Europe, which attracted modest net buying
- Bond and money market funds gained £895m as investors sought safety
- Property funds saw renewed pressure, with £85m outflows – the worst since April