Equity funds suffer fifth month of outflows
Equity funds were hit by a fifth consecutive month of outflows in September as the summer’s volatile bond markets forced a reappraisal of stock valuations, according to the latest Fund Flow Index from Calastone.
Outflows of £206 million from equity funds were, however, the least severe since February this year.
ESG funds suffered a fifth consecutive month of outflows, with investors redeeming £485 million from their...