U.S. Markets

UK-based equity funds had record $8.6 billion inflows in second quarter - Calastone

FILE PHOTO: Some of the artwork details are seen on a large scale sample of the new twenty pound note during the launch event at the Turner Contemporary gallery in Margate, Britain, October 10, 2019. Leon Neal/Pool via REUTERS

LONDON (Reuters) - UK-based equity funds had record inflows totalling 6.2 billion pounds ($8.6 billion) in the second quarter, fund network Calastone said on Tuesday.

Funds focused on environmental, social and governance (ESG) issues have accounted for 50% of net inflows into UK-based equity funds this year, Calastone said in a statement.

More than two-thirds of UK fund flows by value pass across the Calastone network each month.

($1 = 0.7206 pounds)

Reporting by Carolyn Cohn; Editing by David Clarke