The IA found UK investors returned to the fund markets in March adding £446m, the first inflows since April 2023. The change in sentiment followed heavy capital outflows recorded in January and February of £1.1bn and £2.7bn, respectively.
JPMorgan CEO Jamie Dimon ‘cautious’ on US soft landing
The best-selling IA sector in March was the Global sector, with inflows reaching £842m, while North America gathered £469m.
The IA said due to the aforementioned supremacy of the Magnificent Seven stocks, advisers and wealth managers were opting for US companies if they re-allocate into equit…
Read the full article here
