UK equities finally attracted investors' attention in March after almost a year of outflows, according to the latest Investment Association data, while US equity funds suffered withdrawals of £1bn.
According to the IA, March saw £472m invested in the UK All Companies sector and £217m in smaller UK companies. Though by no means the best-selling sectors - the top spot was taken by IA Global with net retail sales of £1.6bn in March - this marks the first such inflows into these two sectors in six months. Chris Cummings, CEO of the Investment Association, said: "The beginning of spring saw the thawing of investor sentiment towards UK companies following the successful rollout of the coronavirus vaccine and broader growth in business confidence." Kate Marshall, acting head of investm...
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