Equity funds saw net outflows of £564m in September as investors sold £666m of assets from UK equity funds, while the UK-heavy equity income sector shed £416m.
Meanwhile, other geographically focused fund sectors saw moderate inflows.
Flows into European equity funds were muted at just £43m, compared to the £249m monthly average over the previous twelve months, while global equity and US equity funds fared the best, attracting £422m and £413m respectively.
Equity fund inflows slump by 75% in August as market turbulence dents investor confidence
“There is clearly growing caution …