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Investors piled back into UK equity funds in November following three and a half years of consecutive monthly withdrawals and a sharp sell-off ahead of the Budget.
Funds invested in UK stocks attracted a net £317mn in November from retail investors, according to data provider Calastone.
The inflows mark a long-awaited reversal of net outflows as individuals have pulled out more than £25bn over 41 consecutive months since May 2021.
Investors have shunned UK equities in recent years in favour of global shares — especially fast-growing stocks such as US technology companies.
The shift in sentiment comes after equity funds more broadly suffered record outflows in October as UK-based investors withdrew their money over concerns that the chancellor would increase capital gains tax (CGT).
Chancellor Rachel Reeves…
