Investment: Britons put an unprecedented £7bn into equity funds in the first quarter of the year
Savers continue to desert British stocks despite piling record amounts of money into equity funds, it was revealed yesterday.
Industry figures show Britons put an unprecedented £7billion into such investments in the first quarter of the year as they looked to cash in on rising stock markets.
A record £5.7billion was ploughed into North American equity funds over the three-month period, according to the figures from global funds network Calastone.
But at the same time, UK investors withdrew £2.1billion from domestic holdings.
Contrasting the relative attractions of US and UK funds, Calastone head of global markets Edward Glyn said: ‘The US…
