Retail investors flee UK fund market as London continues to suffer

Retail investors have continued to abandon London's capital markets for the 33rd consecutive month, with extensive outflows from UK funds.

According to data from the Investment Association, April saw the largest withdrawal of investments by retail investors since February 2023, with outflows exceeding £1.3 billion.

UK All Companies experienced outflows of £996 million, UK Equity Income lost £283 million, and UK Smaller Companies saw withdrawals of £57 million.

UK funds have not experienced net inflows since July 2021, resulting in the largest net outflow of any geography each month since August 2021.

However, the Man GLG Income fund attracted the third-highest inflows, receiving £225 million, which “contrasts with broader outflows from the UK,” according to Numis analyst Ash Nandi.

Several UK All Companies funds still experienced significant net outflows, including Jupiter UK Special Situations (£367m), WS Lindsell Train UK Equity (£95m), and Liontrust Special Situations (£91m), as well as CT UK Equity Income (£101m).

These figures emerged against a broader global backdrop of £2.8bn in net inflows into open-ended funds in April. Data from the IA showed a dramatic increase in net inflows, rising from £446m in March to £2.8bn in April.

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