Asset class view UK mutual funds and ETFs saw outflows of £6.76bn over February (-£5.12bn ex-MMFs). Equities saw the largest redemptions (-£3.48bn). Active v passive The active-to-passive bond rotation, which has been a feature of the market since 2021, reversed. Some £3.73bn was redeemed from passive bond funds, while their active peers took £1.49bn. Classifications Equity Global was the top-selling classification for the month, netting £1.87bn (£1.18bn active/£689m passive). UK equity funds suffered redemptions of £2.77bn over the month. Sustainable fund flows Sustainable funds netted a total of £367m for the month, conventional funds lost £8.26bn. MMFs were the most

Total flows to mutual funds for February were €76.91bn. This breaks down to: mutual fund flows (+€43.16 bn) and ETFs (+€33.75bn). Bond funds (+€25.83bn) were the best-selling asset type overall for February, followed by MMFs (+€25.28bn) and equity funds (+€23.07bn). ETFs continue to eat passive mutual funds’ lunch, as the former benefitted from inflows of €33.75bn while the latter shed €5.73bn in February (-€2.77bn YTD). European investors allocated €22.99bn into Money Market USD funds—the best-selling classification for the month. Turkish lira MMFs saw the largest sell off (-€3.43bn), with investors reversing their bets on the currency strengthening.   As S&P

Asset class view Money market funds (MMFs) saw the largest inflows, with £6.7bn Bond inflows were less than half of Decembers, at £1.61bn—the lowest since last September’s redemptions. Active v passive Mutual funds and ETFs took £6.4bn over January, with redemptions of £303m excluding MMF. Active equity strategies suffered the largest redemptions, shedding £3.13bn. Classifications Outside of cash, investors favoured US and global equities, alongside USD and GBP investment grade bond funds. UK equity funds suffered redemptions of about £1.7bn over the month. Sustainable fund flows Sustainable flows were positive for MMFs (£33m) and bonds (£133m). Sustainable equity funds suffered

Flows Turn Positive After Two Years in Red Executive Summary   Aggregate flows for the year were £27.78bn (£16.29bn, ex MMFs). Bond funds enjoyed the largest absolute flows, netting £13.7bn. Active funds suffered outflows of £815m (considerably down on 2023’s redemptions of £76.59bn), while passive mutual funds took £25.24bn and ETFs attracted £3.36bn. Equity US netted £19.54bn, dwarfing not just the flow to equity funds overall, but also exceeding the inflows to all long-term investment funds. This was predominantly to active strategies. Equity UK lost £20.89bn, with £15.13bn of this from active strategies. Equity UK Income (-£6.12) and Equity UK

Asset class view Net fund flows for the month were negative £1.28bn, or £1.87bn excluding MMFs. Bond funds have been the main beneficiaries in December, with inflows of £3.79bn. Active v passive Bond flows were split £950m to active funds and £2.84bn to passives. Passive funds took a total of £3.18bn, split £2.73bn to mutual funds and £448m to ETFs. Classifications Mixed Asset GBP Aggressive funds saw the largest net flows, attracting £1.11bn. Equity US saw redemptions of £723m, £473m of which was from passive funds. Sustainable fund flows Sustainable funds ex MMFs for December saw outflows of £888m, mainly

Asset class view Total funds flows for the month were £13.97bn (£4.98bn, ex-money market funds). MFFs took most, at £8.99bn, the largest net flows for the asset class since December 2023.   Active v passive Long-term passive vehicles netted £5.84bn while their active equivalent saw outflows of £861m.. Passive mutual funds saw inflows of £6.24bn, while ETFs suffered outflows of £433m..   Classifications Some £1.92bn flooded into Equity UK funds, with £1.26bn of this going into passive vehicles. The largest outflows for the month were from Bond GBP Corporates, shedding £2.23bn.   Sustainable fund flows Total sustainable fund flows ex

Asset class view Bonds took £2.6bn, split £3.49bn to passives and -£887m to active funds. Equities were the second-most popular asset class, with £1.15bn of inflows, while money market funds saw outflows of £5.2bn.   Active v passive Ex MMFs, active strategies took £2.23bn as passives netted £1.07bn. Passive equity funds suffered redemptions of £2.51bn as their active peers attracted £3.66bn.   Classifications Equity Global ex UK was the top-selling classification, netting £6.22bn. Equity UK had a rare spike in sales, with inflows of £2.04bn.   Sustainable fund flows Total sustainable fund flows were £6.69bn, as conventional funds shed £3.01bn

Trends in the UK’s sustainable and conventional fund market through the lens of Lipper data. How is sustainable investment responding to the birth of the UK’s SDR? Dewi John, LSEG Lipper’s Head of Research for UK and Ireland, and Leevania Naicker, Senior Customer Learning Manager at LSEG, look at the UK’s responsible investment fund flow data, alongside the general state of the UK fund market for Q3 2024, in the context of broader economic trends.

Asset class view September also saw the largest outflows in risk assets for two years (-£16.54bn). September’s equity outflows (£9.5bn) were the largest since September 2022 (£14.5bn). The next largest were from bonds (£5.52bn). Active v passive Active funds saw redemptions of £5.77bn, while their passive peers suffered outflows of £9.59bn. The largest passive outflows were from equities: £7.38bn, with all but £45m coming out of mutual funds. Classifications Mixed Asset GBP Flexible saw the strongest flows for the month, netting £1.72bn. Despite a strong year, Equity US suffered the second-worst outflows of £3.69bn, all and more from passives. Sustainable

Asset class view Money market funds (MMFs) saw the largest inflows for the month (£2.25bn) and second largest for the year (£8.56bn). Lower rate expectations spur flows of £2.16bn into bond funds, following two months of redemptions.   Active v passive Ex MMFs, active funds attracted £2.1bn, while passives netted £1.53bn. A muted month for equity flows masks the familiar trend from active (-£278m) to passive (£671m).   Classifications Money Market GBP was the top classification by flows in August, attracting £2.27bn. Equity US was the most popular long-term asset classification (£1.88bn, split £1.14bn passive to £741m active).   Sustainable

Asset class view Money market funds (MMFs) saw significant inflows of £6.75bn. The £1.25bn flows into equity funds were the largest since April 2023. Active v passive Index-tracking funds overall took £3.37bn for the month, considerably besting June’s £805m. There were outflows of £843bn from active equity funds, and positive flows of £2.07bn into trackers. Classifications Money Market GBP was the top classification by flows in July, attracting £6.47bn. Equity UK shed £3.68bn and Equity UK Income £1.02bn, despite the outperformance of the UK over the month. Sustainable fund flows Sustainable funds ex-MMF took £1.77bn, while their conventional peers shed

Lipper’s head of UK research, Dewi John, reviews the main trends in conventional and sustainable funds, in the context of the economic backdrop. Source for FTSE Russell data: FTSE Russell Global Investment Research, Performance Insights, August 2024