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
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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
Apple Inc148.69 USD0.00Rating
Bank of America Corp47.57 USD0.00Rating
BlackRock Inc914.97 USD0.00Rating
JPM US Equity Income C Net Acc3.76 GBP0.08Rating
Microsoft Corp309.16 USD0.00Rating
PNC Financial Services Group Inc216.08 USD0.00Rating
Royal London US Tracker Z Acc576.63 GBP0.77Rating
Threadneedle American Sel Z Acc GBP4.37 GBP0.40Rating
Wells Fargo & Co50.66 USD0.00Rating

About Author

David Brenchley

David Brenchley  is a Reporter for