UK equities had its thirteenth rolling month of outflows, with £1.14bn exiting UK focused funds in June, the latest data from Calastone revealed.
This marks the longest run of continuous outflows in the history of the Fund Flow Index (FFI), during which time, £6.44bn has been withdrawn from UK equity funds. Calastone analysts said that UK-focused funds have been driven especially by a sharp drop in buying interest - sell orders have only increased slightly. But the UK was just the main headliner in what was a poor month for equities in general as the global bear market rattled investors' confidence. Investors withdrew a net £1.1bn of their equity-fund holdings during the month, taking 2022's cumulative net outflow to £1.9bn....
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