Investors withdrew more than £1bn from UK equity funds in May, according to the latest Investment Association statistics, as the total amount of cash pulled from the asset class since June 2016 soars towards £10bn.
In its monthly statistics for May, the IA revealed UK equities saw outflows of £1.2bn, far higher than average monthly outflows of £382m. The majority of this came out of UK All Companies funds, which...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions