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UK equity fund outflows top £6.4bn as bear market fears take hold
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fnlondon.comUK-company-focused funds posted their worst-ever month of outflows in June, with more than £1bn heading for the exit as investors feared the impact of a bear market.
Data from Calastone, which tracks money entering and leaving funds in the UK from financial advisers, fund supermarkets and wealth managers, shows UK equity funds bled £1.14bn over the month — the 13th consecutive month of investor withdrawals.
Overall,...
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