Investors put record £18bn into UK funds

INVESTORS ploughed £2.1bn into funds in June as confidence returned to markets.

It was a dramatic change from a year ago when £3bn was taken out of funds as nervous investors awaited the outcome of the EU referendum. Figures from trade body the Investment Association show some £1.1 trillion is invested in UK funds after a record £18.4bn was invested in the first half of the year.

The Investment Association’s monthly statistics of UK investor behaviour in June 2017 show Targeted Absolute Return funds, which aim to protect cash if the market dips, were the most popular investment choice, attracting £2.2bn of savers’ cash over the past six months. Meanwhile investors took more than £1bn out of UK equity investments in June.

Adrian Lowcock, investment director at Architas, said: ‘Investors have been more positive on the outlook for the global economy than at any other time since the financial crisis.’