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. This is on the back of £339m outflows from UK equities in June, 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. The most popular sector was Global with inflows of £397m, m...
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