Advisers lead UK exodus and go global

Over 60% of advisers at the February Unique Boutiques Conferences intend to increase client exposure to global equities in the next 12 months. The survey follows the January IMA statistics, which showed the Global Growth sector attracted £154m inflows last month, despite overall equity outflows of £867m. UK All Companies was the hardest hit, with £439m outflows. Christopher Metcalfe, manager of the top performing UK All Companies fund Newton Income, says expectations of sterling depreciation will only add to the overseas attraction. “The IMA statistics were no surprise, overall it is ...