Reported 12 months ago
In the first six months of 2024, British investors poured a record 11.4 billion pounds ($14.5 billion) into equity funds, driven by expectations of further central bank interest rate cuts. Calastone reported that these stock flows were the highest in a half-year period in their 10-year history, with UK investors adding 1.7 billion pounds to equities in June alone. Global equity funds were the most popular category in June, attracting 1.4 billion pounds, while European equities saw inflows of 714 million pounds. North American equity funds experienced minimal outflows, while UK equity funds had reduced outflows of 522 million pounds. Bond funds also saw investor withdrawals for the second consecutive month.
Source: YAHOO