The “unusually large” outflows featured a heavy contribution from mixed asset funds with absolute return strategies, Dewi John, LSEG Lipper head of research, UK and Ireland, noted, adding the funds had fallen “out of fashion” since the IA Target Return sector “reversed its popularity a few years back”.
LSEG Lipper: October sees biggest UK equity redemptions since Mini Budget
By contrast, money market funds enjoyed their second positive month and recorded the largest inflows of any sector in November, collecting £1.5bn.
John said: “Last month, I pondered whether the move of money ma…
