BlackRock, Aviva Investors and Columbia Threadneedle have picked up new money across their multi-asset fund ranges in recent weeks, as jittery investors brace for a potential shake-up to the UK’s capital gains tax regime.

According to data provided exclusively to Financial News by Morningstar, multi-asset funds in the UK posted net inflows of around £111m in September. Although a modest haul, it marked the first month of net inflows since January for the products, which invest in a range of assets such as equities, bonds and cash.