Bringing you live news and features since 2006 

UK savers return to funds with GBP11.2 billion Q2 inflows


UK savers put a cumulative GBP11.2 billion into retail funds in the second quarter of 2020, according to latest figures published by the Investment Association (IA). Net retail sales reached GBP2.2 billion in June, marking the third consecutive month of inflows. Inflows for the first half of 2020 reached GBP8.7 billion.

Bond funds meanwhile, saw growing net retail sales of GBP2.1 billion in June, as they continued to recover from March’s significant outflows, while tracker funds remained steady, with increasing net retail sales of GBP2.1 over the month.

UK equity funds saw a reversal of fortunes with net retail outflows of GBP1.1 billion in June.

Chris Cummings, Chief Executive of the Investment Association, says: “Following the highest ever monthly outflow in March, the second quarter of 2020 saw savers invest more than they did throughout the whole of 2019. Sales rebounded strongly from April through to June to reach GBP11.2 billion for the quarter, eclipsing 2019’s annual total of GBP9.8 billion.

“After a solid run of sales, strong economic headwinds began to turn investors away from UK shares in June as they withdrew GBP1.1 billion from UK equity funds. With coronavirus infection rates now rising globally post-lockdown and US real GDP having contracted 32.9 per cent in Q2 – the highest ever fall – the outlook for fund flows for the second half of 2020 remains uncertain.”

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by