UK investors 'ignoring US equity market'

It says UK savers choose to invest elsewhere, despite a strong rally in the US share price. In April, the peak of the ISA season, North American fund sales accounted for £5m, or 0.63%, of total gross ISA sales. Five years ago, the sector accounted for 4.3% of gross ISA sales, with monthly sales of £44m. Fidelity says the exchange rate was the chief factor, with the weak US dollar eating away at UK saver returns. But Fidelity American Special Situations Fund manager Bob Haber says he is cautiously optimistic about the mid-term US outlook. “There are a number of companies which are ...