- Why Calastone?
Funds focused on UK equities suffered heavy selling from investors spooked by the multiple crises afflicting the UK in September. Investors sold down a net £567m during the month, the second-worst month for UK equity funds on the Calastone FFI’s seven-year record. September stood out because investors clearly singled out UK-focused equity funds. This contrasted with the situation in June 2020, the worst month on record, as investors at that time sold heavily across almost all equity categories in order to take profits after the sharp increase in global markets sparked by huge stimulus from central banks.
Key highlights from this month’s FFI: