Daily Mail



INVESTORS pulled £962m from UK-focused equity funds in February, the third-largest monthly outflow ever, as the FTSE 100 hit a record high, says funds network Calastone.

UK equity funds have seen net selling for 21 months in a row, it said, but investors withdrawin­g their cash piles pressure on the London stock market as firms worried about valuations in the UK look to the US.

Edward Glyn, head of global markets at Calastone, said: ‘The general air of pessimism over UK economic decline, weak Government finances, political chaos and rising corporate taxes seems to have accelerate­d a trend with consistent outflows from UK funds and inflows to global ones.’

Newspapers in English

Newspapers from United Kingdom