- Why Calastone?
UK investors rushed for the exits in August, pulling a record net £1.93bn from equity funds. The outflow easily beat the previous records set in June and July 2016 when the Brexit vote prompted a net outflow of £1.54bn and £1.56 bn respectively. August’s net outflow was driven by a significant increase in selling activity rather than a drop-off in buy orders, indicating a decisive choice to exit holdings.
Key highlights from this month’s FFI: