UK funds see record $1.6 billion outflows during June-Aug on no-deal Brexit fears

Dhwani Mehta FXStreet

According to the latest data published by fund network Calastone, the UK-focused equity funds saw record outflows of 1.2 billion pounds ($1.58 billion) over the past quarter due to the coronavirus impact and intensifying no-deal Brexit fears.

Key takeaways

“The two issues were "prompting investors to dump their UK holdings.”

“UK funds saw 667 million pounds of outflows in June, 368 million in July and 195 million in August, while non-UK funds collectively saw a total of 1.6 billion pounds in inflows over the same period.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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