Investors Pull £800 Million From Silver Rated Fund

The JPM US Equity Income fund saw net outflows of £817 million, leading the IA North America sector to its first monthly net outflows for five months

David Brenchley 22 February, 2018 | 10:15AM

wall street us bank, fund flows

Funds invested in US stocks have seen saw the first month of net outflows since August 2017, and the most net outflows for 15 months, according to Morningstar Direct data.

Investors withdrew £433 million from the IA North America sector in January 2018, but most of that was attributed to outflows from the Morningstar Silver Rated JPM US Equity Income Fund, which lost £817 million. The fund with the next most outflows was the Threadneedle American Select Fund, with £30 million.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc459.63 USD0.00
Bank of America Corporation26.47 USD0.00
BlackRock Inc588.46 USD0.00
JPM US Equity Income C Net Acc2.89 GBP-0.55
Microsoft Corp208.90 USD0.00
PNC Financial Services Group Inc111.75 USD0.00
Royal London US Tracker Z Acc434.91 GBP-0.39
Threadneedle American Sel Z Acc GBP3.31 GBP-0.17
Wells Fargo & Co25.30 USD0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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