Investment Association fund flow data for July 2024 reveals a stark contrast between overall fund inflows and significant withdrawals from UK ISA investors, highlighting investor unease.
Nicholas Hyett, Investment Manager at Wealth Club, noted that retail investors remain skeptical, with ISA investors pulling over £300 million in July amid concerns about UK market valuations.
The UK All Companies sector faced the largest outflows, totaling £655 million, with institutional investors also expressing pessimism about UK-focused funds.
The current investment climate shows a strong preference for bond and short-term money market funds as investors seek high yields, indicating a cautious approach to equities.
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