Brexit: Retail investors continue flight from UK equities
Article summary
According to data from the Investment Association, retail investors have withdrawn roughly £18bn from UK funds over the past five years. Photo: Reuters/Yuriko Nakao Retail investors fled UK equity funds in February to the tune of £1bn ($1.4bn) — a continuation of a trend that was initially triggered by Brexit in 2016. […] The data also showed that global funds and fixed income funds registered the biggest inflows in February. […] There may well be an element of performance chasing to the long term swing from UK to global funds, which in itself helps to renew the market conditions which precipitated the shift. This self-fulfilling circle of performance and fund flows is virtuous for global investors, and vicious for UK equity fund managers.”
