Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Woodford effect: UK equity income attracts record inflows in June

Woodford effect: UK equity income attracts record inflows in June

UK equity income funds attracted a record inflow of £1.4 billion in June, buoyed by star manager Neil Woodford's (pictured) high profile fund launch.

This represented the highest ever inflow recorded for the IMA UK equity income sector, making it the best selling sector in June. It was followed by property - a distant second with net sales of £316 million. Funds in the Mixed Investment 20-60% Shares sector attracted £222 million, while strategic bond managers continued to appeal with an inflow of £171 million, against a backdrop of likely interest rate rises and a steepening yield curve.

Funds in the UK All Companies sector experienced the highest outflows of £421 million, while UK Smaller Companies funds also suffered at the hands of the rotation with an £83.5 million outflow in June.

UK equity funds attracted the highest level of inflows since March 1998, with net sales of £870 million during the month. Global equity funds were the second best-selling by region, with net retail sales of £263 million, slightly below the average of the previous 12 months.

Japan, Europe and Asia followed with inflows of £86 million, £74 million and £72 million respectively. Meanwhile, North American equity funds saw outflows of £140 million during the month, as investors took profits on concerns about market levels.

Total retail inflows were up by £1 billion to £2.1 billion, compared to June of last year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter