Fund Outflows Hit £1.3 billion in July

Investors continue to flee equities in favour of fixed income, and UK and property funds remain firmly out of favour

Holly Black 22 August, 2019 | 1:23PM

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Investors pulled £1.3 billion out of UK equity funds in July as recession and Brexit fears continue to cast a cloud over the region. Morningstar Direct data shows that property funds, particularly those focused on the UK, also suffered heavy outflows in the month.

Uncertainty over the prospects for the global economy has seen investors flock to perceived safe havens in recent months. Money Market funds saw their sixth consecutive month of inflows while investors pour £428 million into Fixed Income funds.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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