- Why Calastone?
Surging Covid-19 infection rates and Brexit tensions prompted a flood of outflows from UK-focused equity funds in October. Outflows totalled £358m during the month, making October the fourth-worst month on record for UK-focused equity funds. Along with income funds, they are the only categories now to have seen five consecutive months of outflows. The FFI:UK Equity fell to 45.2, one of its worst-ever readings. Income funds, which are disproportionately invested in UK equities suffered their worst ever month as £763m left the sector. FFI:Equity Income sank to 34.6, meaning that sell orders were roughly double the value of buy orders.
Some key highlights from this month’s FFI: