New data suggests equities are selling well with the amount of new money flowing into stock funds in January hitting its highest level since December 2010, but there is little evidence of a ‘great rotation’ as fixed-income sales remain robust.

The January report from research group Lipper, published yesterday, showed net inflows into equity funds in Europe of €20.8bn, sharply up on the €13.3bn reported in December. This was the first time that more than €20bn was allocated to stock funds in a month since December 2010.