UK investors shun British equity funds in favour of surging US valuations
Daily MailEquity funds are enjoying a bounce-back among UK investors UK investors piled into equity funds at the fastest rate for nearly three years last month – but shunned the sluggish British market in favour of surging US valuations. Instead, it was North American equity funds that benefited most, with a record £2.54billion added, as investors sought to climb aboard the tech-driven rally in New York. Overall, equity funds are enjoying a bounce-back among UK investors, with £6.31billion piled in over the last four months after a ‘punishing’ 18 months which saw £8.6billion pulled out. Inflows to money market funds – which buy safe-haven investments such as government bonds – have slowed sharply since last year as an appetite for higher risk comes back.