- Why Calastone?
Australian investors have started the financial year in a sombre mood, according to the latest Fund Flow Index from Calastone, the largest global funds network.
Managed equity funds saw inflows of just A$705m during the seasonally important start to the financial year. This was the weakest Q3 on Calastone’s five-year record, with inflows down 81 per cent year-on-year and down 89 per cent compared to July to September 2021. All the buying was focused in July, which saw inflows of A$844m, as the stock market rallied modestly during the month, yet by August, buying had turned to selling and outflows continued through to the end the quarter.
Key highlights from this quarter’s FFI: