Funds hit by record £25.7bn outflows in 2022

Funds were hit by a record £25.7bn in outflows in 2022 as frightened investors withdrew their money, according to a leading investment trade body.

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Mini-Budget fuels near record £7.6bn fund outflow

Investors pulled out £7.6 billion from funds in September, the eighth month of net retail outflows this year.

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Active funds rebound as IA investments top £10 trillion 

Funds managed by Investment Association (IA) members reached a milestone figure of £10 trillion for the first time in 2021.

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IA appoints JP Morgan exec as new chair

 

The fund managers’ trade body - the Investment Association - has appointed Patrick Thomson, CEO, EMEA, of JP Morgan Asset Management, as its new chair. 

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