UK equities have suffered net withdrawals each month for nearly three years, but one managing director says “there’s money to be made” as he adds to holdings.
Investors have been net sellers of UK equities since August 2021, taking the cumulative withdrawal of capital to £30bn to March 2024, according to The Investment Association (IA).
It reports UK equity fund net retail sales at -£3.38bn in the first quarter of 2024, following withdrawals of £13.6bn in 2023 and £12bn in 2022.
As the UK market reached a record high in the last few weeks, UK equities have remained unloved for a considerable amount of time.
More recently, UK investors have embraced global diversification, according to Miranda Seath, director of market insight and fund sectors at The IA.
She explains that UK equities comprise a…
