Fears over Brexit have taken their toll on UK equity funds, with retail investors pulling a huge £10.5 billion since the EU referendum.
UK investors have traditionally favoured funds focused on the domestic market, which had topped the sales charts in the year leading up to 2016’s EU referendum.
Since then, however, they have been hit by heavy outflows, with £1 billion withdrawn in the month of the vote, a further £1 billion the month after, and a steady flow of redemptions since.
The latest figures from fund manager trade body the Investment Association show UK equity funds once again at the bottom of the sales charts, with £329 million withdrawn in September.
But a look through the funds hardest hit by this investor exodus shows that Brexit is not the only factor leading funds investors to flee the UK stock market.
Some of the funds that have shrunk the most have been struggling with outflows long before the UK voted to leave the European Union referendum. High profile fund manager changes, or performance issues that have been exacerbated, but not caused, by the vote, have also played their part.
And whatever the gloom surrounding the UK stock market, it’s proved no barrier to some UK funds with strong track records to buck the outflows and continue to attract investor money.
Click through the slides to see which funds have been hardest hit, and three standout examples of those that have continued to top the sales charts.
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