UK equity funds returned to inflows in November after suffering £1bn of outflows during the third quarter, buoyed by the General Election campaign, according to the latest Fund Flow Index from Calastone.
November saw UK stocks take in a net £186m, with investors' confidence fuelled by opinion polls predicting a Conservative Party win in the General Election on 12 December would be positive for the stockmarket. This contrasts with flat flows in October and a total of £1bn in net outflows during Q3, as investors were spooked by the prospect of a disorderly Brexit on the missed deadline of 31 October. Ruffer ups UK equity exposure as 'storm clouds' clear However, daily trading data shows most of the inflows came in the first half of November, while flows turned sharply negative after ...
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