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UK investment funds suffered £5.7n outflows after Brexit vote

Discussion in 'Market News' started by Lily, Aug 23, 2016.

  1. Lily

    Lily Forum Member

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    Some of the money appears to have been redeployed to other types of UK funds specialising in assets regarded as less risky, such as corporate and government bonds

    Investors took £5.7bn out of UK-based stock market funds last month in the wake of Britain’s vote to leave the European Union, according to latest market figures.

    Concerns over the referendum result prompted investors to withdraw £5.7bn from UK equity funds and a further £470m from property funds in July, figures from data company Morningstar show.

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