Scientific Beta

Citywire New Model Adviser: "The Legal & General Developed Four Factor Scientific Beta Index fund, which launched in August, enjoyed inflows of £843 million and already stands at over £1 billion in assets."

Citywire New Model Adviser 06/12/2018

"(...) UK investors pulled money from funds during 'Red October' at the fastest pace since the month of the Brexit vote, figures from fund manager trade body the Investment Association show. Retail investors withdrew a net £1.6 billion from funds in October, the biggest outflow since the £3.5 billion withdrawn in June 2016. (...) Sales of equity funds meanwhile held up well despite heavy falls for stock markets during the month. Overall, equity funds registered a net £100 million inflow, with global funds notching up their eighth straight month at the top of the sales charts. (...) The Legal & General Developed Four Factor Scientific Beta Index fund, which launched in August, enjoyed inflows of £843 million and already stands at over £1 billion in assets. (...)"