No-deal Brexit fears pull billions from UK

Pedro Gonçalves
clock • 2 min read

Withdrawals from UK equity funds have jumped on fears that Britain will crash out of the EU in October without a deal, with investors pulling more than $4bn since Theresa May announced her decision to step down as Britain's prime minister. Investors have withdrawn $4.2bn from UK equity funds since late May, according to EPFR, a data provider. Outflows since the Brexit referendum in 2016 have climbed to $29.7bn. Luke Ellis, chief executive of Man Group, the UK-listed hedge fund manager, sai...

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