2025 saw the largest ever outflows from equity funds, after December delivered an unprecedented seventh consecutive month of net selling.
Key highlights from this month’s FFI:
- Equity fund outflows were £6.71bn in 2025, double the previous record set in 2016
- December marked the seventh consecutive month of outflows – the most prolonged period of selling recorded
- But December showed a marked improvement as Budget certainty calmed concerns of pension savers
- Safe-haven money market funds and lower risk mixed asset and fixed income funds benefited from the flight to lower-risk investments
- Passive global equity funds proved more popular than active ones for the first year since at least 2015.
View this edition of the FFI in full
