In September, UK-focused funds faced £666m net withdrawals due to Labour Party's economic concerns.
In September, UK-focused funds experienced £666 million in net withdrawals, primarily due to concerns over the Labour Party's negative economic outlook. This marks the first monthly outflow since October 2022. Investors fear potential capital gains tax increases and are awaiting clearer fiscal strategies. The pessimism has stalled the recovery of UK equities, contrasting with inflows in other fund sectors, as confidence in the market declines.
October 03, 2024
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