Retail investors return to funds in November

Risk appetite appears to tick back up; institutions withdraw huge sum from Money Markets.

Christopher J. Traulsen, CFA 24 December, 2008 | 2:53PM
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Retail investors added a net £1.04bn to UK domiciled funds in the month of November according to just released data from the local fund trade group. Institutions, on the other hand pulled a net £1.3bn out of UK domiciled funds in the period. One clear trend, however was that with the money they kept in funds, investors of both stripes appear willing to increase their exposures to riskier assets.

In the equity realm, for example, funds pulled in a net of £1bn. Of that, £567mn went to UK All Companies, with £269mn attributable to retail investors and £327.9mn to institutions. Other top-selling sectors included UK Equity Income (£252.5mn in net sales), Global Growth (£184.4mn in net sales), and Asia Pacific excluding Japan (£112mn in net sales). Even Global Emerging Markets pulled in £81.

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About Author

Christopher J. Traulsen, CFA  is director of fund research, Europe and Asia, Morningstar.