- UK funds saw net retail outflows of £1.3bn last month, the IA said
- Inflows into US equities in the first quarter jumped to £1.5bn
British investors continued to take out large sums of money tied up in UK equity funds and ‘responsible investments’ last month, new data reveals.
The ‘worst-selling’ sector in March was UK All Companies, which experienced outflows of £887million, according to the Investment Association (IA).
UK funds saw net retail outflows of £1.3billion last month, the findings published on Thursday added.
Meanwhile, inflows into US equities in the first quarter jumped to £1.5billion, more than double the level seen by the same point a year ago, according to the figures.
The IA said: ‘This has been driven by the dominance of the Magnificent…
