The May outflows marked a trend of investors fleeing the UK equity market over the past couple of years, with £13.6bn withdrawn last year and £12bn in 2022, and marked the highest outflows ever recorded.
Flows into global equity marked a significant contrast to UK equities, evidenced by £434m of inflows making it the top selling IA equity sector.
UK economy beats expectation as it grows by 0.4% in May
The IA attributed the “diversification of portfolios” to the growing outflows from UK equity funds. “Investors and their advisers continue to reallocate outside of the UK, with stron…
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