Equity funds enjoyed their strongest inflows of 2019 in November following months of pessimism, according to the latest Fund Flow Index from Calastone, the largest global funds network. UK equity funds in particular welcomed inflows, as investors jockeyed for position ahead of the election. After shedding over £1bn in capital during the third quarter as investors fled the prospect of a disorderly Brexit at that time pencilled in for October, UK equity funds saw net new capital of £186m added in November. In October, fund flows were close to net zero.
The key highlights from this month’s FFI:
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