Europe offers glimmer of hope to fund buyers in choppy January
The Investment Association today publishes its monthly statistics for authorised investment funds for January 2016 which show:
-
Net retail outflow from UK authorised investment funds of £463 million in January
-
Europe Excluding UK was the highest selling sector with net retail sales of £250 million
-
Fixed income funds saw the highest outflow at £267 million
-
Tracker funds saw a net retail inflow of £543 million
Guy Sears, Interim Chief Executive of the Investment Association, said:
"Risk-On, Risk-Off was the theme in financial markets during January, which led to increased volatility. Unsurprisingly, this caused some investors to reduce their holdings in investment funds.
"Although there was a small monthly net outflow, equity funds remained popular with positive net sales in North American and Japanese focused funds, while Europe excluding UK funds fared particularly well amid the choppy month.
"Fixed income and mixed asset funds were most affected by outflows, but it is important to note that this was the first net outflow for mixed asset funds in over a year.
"We also saw investor appetite for passive strategies remain strong in January, with net retail sales over £500 million."
