Equity fund inflows picked up in September, but investors are nervous ______

Investors took a back seat in September, cutting back on the capital they added to fixed income and mixed asset funds compared to recent trends. They increased their buying of equity funds to the highest level since May, but even so appetite was muted. Fund inflows across all asset classes were just £1.1bn, half the long run average, and despite UK savers having stashed a record additional £77bn of cash into savings accounts earning near-zero interest rates in the first half of 2020.