Since 2016, GBP54 billion has been withdrawn from UK equity funds by retail investors, according to Investment Association data, with GBP13.6 billion withdrawn last year alone.
Retail investors withdrew GBP1.8 billion ($3.12 billion) from UK equity funds in May, the worst month on record for the unloved sector.
The figures add to a dismal trend for UK equity funds, which have seen eight years of continuous outflows, while underscoring the extent of the challenge facing the Labour government as it seeks to revitalise the country’s beleaguered capital markets.
