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Investors pulled £38.1bn from active funds in 2023 as cost of living pressure bites
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investmentweek.co.ukLast year marked the second year in a row the funds industry posted outflows, with investors taking a net £24.3bn out of funds. This figure was tempered by net inflows to tracker funds, which enjoyed positive flows of £14bn over the course of 2023. Equity fund flows hit three-year high at £2.6bn in February However, despite outflows continuing for another year, the figure was slightly tempered on the nearly £27bn withdrawn in 2022. The main share of the outflows came from equity funds, which saw £22bn withdrawn over the course of 2023, largely driven by UK equities, which witnes...
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