Investors give ‘thumbs down’ to growth plans as equity outflows soar

Investors withdrew £640mn from equity funds in January, the latest Calastone Fund Flow Index shows. It was the second time since late 2023 that outflows were recorded. UK-focused equity funds were hit the hardest with £1.07bn leaving, the sixth worst month on record. Edward Glyn, head of global markets at Calastone said: “UK fund investors seem to have given the government’s fretful growth narrative a clear thumbs down. “The UK stock market reached all-time highs in January, but..