British investors are steering clear of pure-play North America funds despite the market's many attractions, writes Paul Burgin.
The United States and Canada make up nearly 60% of the MSCI World index. Even though eight US companies take top ten slots in the global ranking, it appears British investors are not big fans of direct exposure to the market via North America funds. The North America sector accounts for just 3.1% of all IMA sector assets - or just under 6% of all pure equity assets under management. The lack of enthusiasm among British investors for pure North American exposure may be down to consistency of returns. The sector is beating UK All Companies, Global Emerging Markets and Global sector aver...
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