- Why Calastone?
Rising fears over inflation and interest rates, as well as worsening disillusion with UK assets, drove net selling of equity funds in October for the first time in fifteen months. Savers cashed in a net £148m of their equity fund holdings. This is small in the context of total trading volume of £20.5bn, but it pushed Calastone’s FFI:Equity to 49.6, its worst monthly reading since July 2020.
Key highlights from this month’s FFI: