Allocation Funds Surge in Muted June

Allocation and fixed income funds remained popular last month, while equity, alternative and property funds saw outflows

Sunniva Kolostyak 15 July, 2021 | 2:50PM
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Up and Down Arrows

June has been a month of low flow activity for UK-domiciled funds, according to Morningstar data. After several months where billions have been flowing into the market, only a net £167 million was invested, compared with £2 billion in May and nearly £4 billion in April.

But despite the low activity, some trends from the past months have persisted. Allocation funds attracted £1.1 billion, the 12th consecutive month the category has brought in more than £1 billion. And fixed income funds have continued attracting investors but at a lower volume than previously, with £310 million in inflows. Still, the fixed income category remains the most popular category over the year, bringing in more than £20 billion - with allocation and equity funds attracting £19 billion of inflows over the year.

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Sunniva Kolostyak  is data journalist for Morningstar.co.uk