UK investors took £282 million out of funds in December 2022, in the tenth month of net retail outflows of 2022, according to data published today by the Investment Association. This takes total retail outflows for 2022 to £25.7 billion. This is the first time that an annual outflow has been recorded, with the next lowest sales total coming in 2008 during the Global Financial Crisis at £4.2 billion. Over 2022, responsible funds bucked the trend of outflows, seeing £5.4 billion inflows throughout the year and tracker funds also saw annual inflows of £11.0 billion.
UK investors put £389 million into funds in November 2022, in the second month of net retail inflows in 2022, according to data published today by the Investment Association (IA). The last month of net retail inflows in 2022 was £608 million in April during ISA season.
The Investment Association (IA) has appointed Helen Ayres as its new Head of Communications. Reporting to Karen Northey, Director of Corporate Affairs, Helen will be responsible for leading the development and delivery of the IA’s communications strategy to help promote investment management and highlight the role it plays in society.
Investment managers are calling for pay packets of senior leaders of FTSE companies to be kept in check during the ongoing cost-of-living crisis. This year’s annual pay guidelines for FTSE companies, set out today in the Investment Association’s (IA) Principles of Remuneration and letter to Remuneration Committee Chairs, asks that additional restraint is shown for executive salary increases, as many UK households struggle with the increased cost-of-living. The Principles set out what investors will be looking for from investee companies regarding executive pay in the 2023 AGM season.
UK savers took £7.6 billion out of funds in September 2022, in the eighth month of net retail outflows this year, according to data published today by the Investment Association (IA). This is the second highest ever outflow from retail funds, after March 2020 when outflows hit £9.7 billion.