Investors are punishing UK equity funds as a no-deal Brexit once again looms large on the horizon, adding to the pain caused by the UK’s position at the bottom of the OECD economic league for its performance during the lockdown.
Key highlights from this month’s FFI:
- UK equity funds see worst three months of outflows on record as pandemic and Brexit cause investors to shun UK assets
- By contrast, collectively all non-UK equity funds have enjoyed unusually strong inflows over the same period
- In August, European equity funds saw their first inflows in two years – cheap share prices that don’t come with UK-risk are the main attraction
View this edition of the FFI in full