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HomeFinancial PlanningRetail fund outflows speed up to £2.5bn

Retail fund outflows speed up to £2.5bn

Outflows from retail funds accelerated to £2.5bn in February, in line with knowledge revealed at present by the Funding Affiliation.

January noticed £1.2bn of retail fund outflows.

Mounted earnings funds noticed outflows of £2.4bn as bond traders responded to quickly rising inflation.

North America was the best-selling Funding Affiliation sector in February with inflows of £570m.

Tracker fund inflows doubled in February, reaching £1.3bn, up from £672m in January.

Accountable funding funds noticed internet retail inflows of £670m.

Chris Cummings, chief govt of the Funding Affiliation stated: “Excessive inflation and rising financial uncertainty offered an uncomfortable backdrop for escalating tensions between Russia and Ukraine all through February. Russia’s invasion of Ukraine contributed to already sturdy market turbulence, which noticed £2.5 billion of retail financial savings flowing out of funds in February.

“Outflows from fairness funds calmed compared to January, with traders as an alternative specializing in taking cash out of bond funds as inflation continued to rise. The complete financial impression, together with the long-term market impacts of western sanctions and provide chain disruption, will solely change into clear within the months forward.”

The worst-selling Funding Affiliation sector in February was UK All Corporations, which skilled outflows of £503m.

In February, gross retail gross sales for UK fund platforms totalled £13.3bn, representing a market share of 52.7%. 

Gross retail gross sales by means of different UK Intermediaries, together with Monetary Planners, have been £6.6bn, representing a market share of 26.2%. 

Direct gross retail gross sales in February have been £1bn, representing a market share of 4.1%.



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