UK investors pulled capital out of bond funds in April 2025 at the fastest rate since the onset of the pandemic in April 2020, according to the latest Fund Flow Index from Calastone, the largest global funds network. Investors withdrew a net £1.24bn from fixed income funds in April, the second consecutive month of strong selling.
Key highlights from this month’s FFI:
UK investors sold down £1.24bn of bond fund holdings in April – the second-worst month on record
Safe-haven money market funds benefitted strongly with the best three months on record for inflows
Equity fund inflows nevertheless remained solid at £1.52bn
North American equity funds were the biggest beneficiary as investors bought the dip – inflows were £1.51bn
Emerging markets and Asia-Pacific suffered significant outflows owing to China exposure
