Brexit taking its toll as fund managers pull away from UK

Global investor confidence in UK equities has tumbled so far in August, according to the latest fund manager survey from Bank of America Merrill Lynch, marking the largest monthly drop in sentiment towards the UK since the Brexit referendum.

  • By Sam Kerr
  • 15 Aug 2018

Allocation to UK equities suffered the largest one-month drop in the bank’s monthly fund manager survey since May 2016. 

Approximately 28% of fund managers surveyed now said they were underweight UK equities, a 10 percentage point drop from a month ago.

The reason for the sudden drop in ...

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