UK fund withdrawals reach largest on record amid Budget panic Investing UK equity fund withdrawals reached their largest on record in October as investors pulled billions out of markets to escape tax rises in the Budget. Investors sold a £2.7bn stake in funds throughout the month in anticipation of Chancellor Rachel Reeves hiking capital gains tax, up from £564m of withdrawals in September, according to data [...]
Good news doesn’t last as UK funds return to the red Investment Investors withdrew £1.3bn from UK funds throughout May, ending the month of strong performance that the sector saw in April.
UK funds dominate in May as emerging markets falter Investment UK funds soared to the list of the top performing funds in May, in a sign that the British stock market might be ready to bounce back.