UK investors have continued to switch from Equity funds to Bonds, September alone saw £1.7 billion withdrawn according to the Investment Association.
Best selling sectors in September were:
UK funds returned positive with £351 million net inflows compared to £1.6 billion outflows in August.
In September the worst-selling IA sector was the Sterling Corporate Bond with £917 million net outflows.
UK Equity funds had been avoided since the Brexit vote with savers withdrawing almost £1.5 billion.
There is a bubble growing in both Equities and Bonds/Fixed Interest funds and many are getting out by locking in profits now.