Investors are fleeing developed market equities in favour of fixed income and multi-asset funds, according to the latest Investment Association statistics, as UK, US and Europe equities all see outflows.
In the latest monthly statistics for July, the worst-affected equity region was the UK, which saw outflows of £315m. This combines the UK All Companies, UK Equity Income and UK Smaller Companies sectors. The figure has grown since June when the region saw outflows of £280m, indicating investors are becoming less confident in the region as Brexit approaches. European funds, including the Europe ex UK, Europe inc UK and European Smaller Companies sectors, saw outflows of £156m, an improvement on the £280m outflows seen in June. Paul Spencer: UK mid-cap opportunities amid Brexit unce...
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