From Morningstar:

Investors lack confidence in the stock market rally despite a strong February, as Morningstar data reveals £3.34 billion in outflows. UK funds are struggling, with no asset class attracting net inflows, leading to £5 billion in year-to-date negative outflows due to market uncertainty. Allocation categories and equity strategies saw the largest withdrawals.

Property funds faced £255 million in outflows amid market uncertainty, reversing the inflows from the second half of last year. Active funds in the UK experienced £6.6 billion in withdrawals in February, while passive funds saw £3.21 billion added, indicating a preference for passive strategies. BlackRock, Legal & General, Vanguard, and HSBC recorded net inflows.

Sustainably-labelled funds continue to attract inflows, with £218 million in inflows in the past month. These ESG-focused strategies have been more resilient to redemptions compared to non-sustainable funds, highlighting a growing investor interest in sustainable investing.



Read more at Morningstar: UK Funds Hit by Outflows Across All Asset Classes