Retail investors redeem £3.5 billion from funds in June

Retail investors pulled £3.5 billion (€4.1 billion) from funds last month, with the majority of redemptions coming from equity funds. Research by the Investment Association showed that last month equity funds lost £2.8 billion while property funds saw outflows of £1.4 billion. Mixed asset funds fared slightly better but still saw redemptions of £191 million. As the search for safe haven assets continues, fixed income enjoyed its fourth consequence month of positive inflows with £258 million in June. Guy Sears, the interim chief executive officer of the Investment Association says that last months outflows occurred during a time of intense market volatility. However, he also stated that these outflows occurred in the context of record levels of funds under management, at £984 billion. “Clearly, Brexit has been unsettling, with property and equity funds particularly affected following earlier outflows during 2016,” said Sears. ©2016 funds europe

Executive Interviews

INTERVIEW: ‘It is what it is’

Dec 22, 2016

Jeff Conway, regional chief executive for State Street, talks to David Stevenson about regulation and how the firm will handle the challenge of tech disruption.

MASHREQ CAPITAL INTERVIEW: A new direction

Dec 22, 2016

The new chief executive of Mashreq Capital talks to George Mitton about fund launches, management style and why he is the right person for the job.

Roundtables

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.

EMERGING MARKETS ROUNDTABLE: The re-emergence

Jan 03, 2017

2016 was the year emerging markets returned to the spotlight, as they regained ground since the 2012 sell-off. Funds Europe asked our panel if this appetite will persist in 2017.