Australian investors flee managed equity funds at record speed for the safety of fixed income and cash______

Australian investors fled managed equity funds for the perceived safety of fixed income and cash during Q2. Across all fund types, outflows totalled a net A$2.80bn, the worst quarter for managed funds since Calastone started compiling the numbers almost five years ago. Q2 marked the first time that Calastone has recorded two consecutive quarters of net outflows from managed funds.

Key highlights from this quarter’s FFI:

• Equity funds suffer record outflows, but emerging markets buck the trend
• Record outflows for property and mixed asset funds too
• Investors focus on fixed income funds – high yields and the prospect of capital gains
• Q2 intensifies a trend of risk aversion that began last year

View this edition of the FFI in full