UK-based equity funds see record $4.1 billion inflows in March, says Calastone

Aug 24, 2021

LONDON (Reuters) – British-based equity funds saw a record three billion pounds ($4.13 billion) in inflows in March as investors bet on an economic rebound, data from fund network Calastone showed on Thursday.

Globally-focused equity funds attracted the most investment as vaccine roll-outs around the world boosted optimism.

“New capital has flooded in from investors keen to capitalise on the post-COVID economic recovery,” said Edward Glyn, head of global markets at Calastone.

The inflows beat a previous record set in April 2020, following government and central bank stimulus in response to COVID-19.

Environmental, social and governance (ESG)-focused funds were also in demand. ESG equity funds saw a record 1.6 billion pounds in inflows in March, while ESG fixed income flows hit a record 192 million pounds.

However property funds, hobbled by a round of UK fund suspensions last year, saw record outflows of 589 million pounds, the 30th straight month of outflows.

More than two-thirds of UK-based fund flows by value pass across the Calastone network each month.

($1 = 0.7258 pounds)

(Reporting by Carolyn Cohn; editing by Barbara Lewis)

This content was originally published here.

Get BAI Capital latest information delivered weekly to your inbox

Get latest information of invest in USA delivered weekly to your inbox

By clicking the Button you confirming that you’re agree with our following Terms and Conditions. Invest in USA with BAI Capital.