Investors react to bear market in June as managed funds across all asset types see outflows, except Australia-focused equity funds______

Australian investors have turned negative on equities for the first time since the onset of the pandemic, according to the quarterly Fund Flow Index from Calastone, the largest global funds network. Although investors continued to subscribe to managed equity funds in April and May, by June, sentiment had turned sharply negative. June saw them pull A$253m from their holdings.

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