UK stock funds lost a record $10 billion last year, new research shows
People walk along Waterloo Bridge past the City of London skyline, the capital's financial district. U.K.-focused equity funds saw record outflows in 2022. Sopa Images | Lightrocket | Getty Images LONDON — Investors ditched U.K. stock funds at a record rate last year, according to new research, with the selling outpacing that in other major markets. Funds network Calastone reported Thursday that there were total outflows of £8.38 billion ($9.95 billion) from U.K.-focused equity funds in 2022 — the worst in its eight years of recording the data. Equity funds are grouped investments that predominantly focus on shares of companies. related investing news Wells Fargo says this top bank pick can jump 55% this year Hugh Son 2 days ago That compared with £2.65 billion in outflows from other European stock funds, £1.17 billion from North American funds and £1 billion from Asia-Pacific funds. Three quarters of equity fund losses were in the third quarter, the company said, which was timed w...