Fund inflows slowed in May after the flood of new capital that poured in during March and April, according to the latest Fund Flow Index (FFI) from Calastone, the world’s largest funds network. Even so, inflows to equity funds reached £2.2bn, their eighth best in any month on Calastone’s record, and more than twice the monthly average over the last year.
Key highlights from this month’s FFI:
- Emerging market and global funds enjoyed the most inflows
- Resurgent Covid fears dampened enthusiasm for UK equities in May and outright outflows in the second half of the month
- Active funds beat passives for six out of seven months
- Property funds suffered their second-largest outflows
- Fixed income inflows slowed but index-linked funds were ahead of their peers
View this edition of the FFI in full
