February saw outflows across the board for UK active funds, according to Morningstar data.
The data provider’s UK Fund Flows report for February 2024 showed that the year-to-date pattern of outflows continued.
In fact, it was a negative month for all asset classes, amid a continuing market uncertainty.
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The outflows were most pronounced for money market funds which recorded the biggest monthly outflows since June 2023, a reversal from the inflows posted in the second half of 2023.
Equity funds also suffered heavy outflows, losing £748 million in February, while property funds saw £255 in net outflows.
In total, £6.6 billion was withdrawn from active funds, however passive funds recorded £3.2 billion in net inflows during February.
