UK funds continue to be shunned by investors, who are instead turning to global funds.
The pound surged to highest level against the dollar since 2016. That’s not good news for the FTSE 100, writes Tom Bailey.
Nerves over Brexit resulted in a UK equity income fund sell off during the first quarter of 2018.
UK equity funds have experienced outflows over the past year, but the best performing fund is up 36 per cent.
The UK smaller companies fund sector is historically a strong performer on a long-term view. Over the past 10 years to 14 February, it has returned more than any other UK sector for its investors.
Brexit is officially one year away and the impact it is having, and will continue to have, on our financial lives is filling the pages of our newspapers and TV screens daily.
Investor sentiment towards UK equities has hit a record low, according to the latest Global Fund Manager Survey by Bank of America Merrill Lynch.
The Spring Statement was predicted to be a dull affair and chancellor Phillip Hammond certainly delivered on that front.
The pound’s devaluation since the EU referendum vote has failed to result in a significant surge of UK exports, according to new research by Pantheon Macroeconomics.