- UK equity fund outflows reached highest level since February 2023 in March
UK investors invested a record £7billion into equity funds in the first quarter of 2024, but shunned domestically-focused vehicles for opportunities in North America, data suggests.
Just shy of £7billion was invested into North American equity funds over the period, against £6.4billion for the past nine years combined, Calastone’s latest Fund Flow Index shows.
Conversely, last month UK equity funds saw outflows increase to their highest since February 2023, meaning there has been 34 consecutive months of net selling.
North American funds across all asset classes absorbed a record £5.7billion of UK investor capital in the first quarter, which is more than three times the previous best…
