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Equity funds hit by large outflows again in September as rising yields tempt investors into fixed income

Fund Flow Index - October 2026

UK investors continued to retreat from equity funds in September, withdrawing a net £858m, the 15th month of outflows in the last 16.

Key highlights from this month's FFI:

  • Equity funds shed £858m in September – the 15th month of outflows in the last 16
  • UK-focused funds lost £708m, the 63rd month in the last 65 to see net selling
  • US equity funds suffered their largest outflow since November 2025
  • Global and emerging-market funds bucked the trend, attracting £410m and £133m respectively
  • Bond funds drew £655m, led by £421m for high-yield strategies and increased interest in sovereign debt
  • Money market inflows jumped to £417m, their highest since November