Offshore - UK holdings in overseas domiciled funds slump

Professional Adviser
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Assets under management in UK-held overseas domiciled investment funds fell by £1bn from May to June...

Assets under management in UK-held overseas domiciled investment funds fell by £1bn from May to June, according to latest figures from the Investment Management Association. The total shrank from £17.2bn to £16.2bn, and is also £200m down on the June 2007 figure of £16.4bn.

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