The vaccine-induced euphoria that saw equity funds enjoy bumper inflows in December evaporated in January as new variants prompted surging infection rates, data from Calastone shows.
Calastone’s fund flow index (FFI) showed net equity fund inflows fell by 97.5 percent month-on-month to £64.6 million, despite overall trading volumes of £21.8 billion. The firm analyses more than a million buy and sell orders each month.
Edward Glyn, head of global markets at Calastone ...
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