Equity funds report record monthly outflows

Equity funds had their highest monthly net retail outflows on record in August as UK savers fled market turmoil.

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Active funds rebound as IA investments top £10 trillion 

Funds managed by Investment Association (IA) members reached a milestone figure of £10 trillion for the first time in 2021.

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UK investors withdraw £4.5bn in June

UK retail investors withdrew £4.5bn from open-ended funds in June, the highest monthly outflow of the year so far, according to the latest data from the Investment Association.

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IA appoints JP Morgan exec as new chair

 

The fund managers’ trade body - the Investment Association - has appointed Patrick Thomson, CEO, EMEA, of JP Morgan Asset Management, as its new chair. 

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