VOLATILE MARKETS PROMPT FLIGHT FROM EQUITY FUNDS IN JULY AS INVESTORS LOOK TO SHED RISK______

UK investors sold down their equity fund holdings in July, according to the latest Fund Flow Index from Calastone, the largest global funds network. The net outflow of £416m took the year-to-date total to £2.35bn, and contrasts with £11.08bn of inflows in the same period of 2021. Only 2016, beset by the Brexit referendum and a toxic US election campaign, has seen a worse January to July period for equity funds since Calastone’s Fund Flow Index data began eight years ago.

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