Latest Fund Flows: UK Still Out of Favour

Investors withdrew £2.1 billion from equity funds in June, Morningstar data reveals, as fears of a second wave of Covid-19 continue to make investors nervous

Annalisa Esposito 22 July, 2020 | 9:30AM

Monthly flows

Volatile markets this year have caused investor behaviour to be just as skittish. In a U-turn from the previous month, investors withdrew some £1.3 billion from UK-domiciled funds (excluding money market funds) in June, latest Morningstar figures reveal. Equity funds took the brunt of redemptions, with £2.1 billion bled from this asset class alone in a signal that investors may believe the recovery is over - at least for now. 

After falling out of favour in April, fixed income have enjoyed a reversal in sentiment - the group attracted net flows of £1.2 billion last month, as the likelihood of interest rates being cut further from their current record low of 0.1% eased.

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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