The May outflows marked a trend of investors fleeing the UK equity market over the past couple of years, with £13.6bn withdrawn last year and £12bn in 2022, and marked the highest outflows ever recorded.
Flows into global equity marked a significant contrast to UK equities, evidenced by £434m of inflows making it the top selling IA equity sector.
UK economy beats expectation as it grows by 0.4% in May
The IA attributed the “diversification of portfolios” to the growing outflows from UK equity funds. “Investors and their advisers continue to reallocate outside of the UK, with stron…
UK equity funds suffer highest monthly outflow on record
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