UK investors have withdrawn a whopping £7.36 billion from equity funds between June and October, according to data company Calastone’s Fund Flow Index. The largest outflow since records began…
In October alone £3.63 billion was pulled from equities – the fifth consecutive month of withdrawals and the longest selling streak since 2016. Calastone’s Head of Global Markets Edward Glyn said:
“There’s growing concern about Rachel Reeves’s Budget and the potential tax implications. For some, it’s simply about crystallising capital gains before rates rise. We saw a sharp increase in selling this time last year and it looks like round two heading into 2026.”
Meanwhile Reeves has admitted that she will break Labour’s manifesto tax promises, with the “wealthy” being “part of the story”. ‘Going for growth’…