UK equity funds continued to bleed assets in the first month of the year. Data published by the Investment Association on 6 March shows investors pulled £1.7 billion from domestic equity funds over the course of the month, making the UK the most unpopular region.
January’s figures are the worst for UK equities since May 2024, when outflows hit £1.9 billion. The industry has grown used to this trend, with UK funds having suffered persistent outflows since Brexit.
Although the UK was the worst-hit region in January, investors turned bearish across almost all regions during the month, with outflows totalling £3 billion overall. This reversed the trend seen in December, when investors pumped £2.3 billion into funds.


