UK investors continued their stampede into equity funds in March, adding a net £2.30bn to their holdings. This ensured Q1 2024 was a record for equity fund inflows, totalling £6.97bn since January.
Key highlights from this month's FFI:
- UK investors added a record £6.97bn to equity funds in Q1 2024
- North American funds absorbed a record £5.72bn of UK investor capital in Q1, more than three times the previous best quarter
- More UK investor cash has flowed into North American equity funds in the last four months than in the previous nine years combined
- Global equity funds and emerging markets also enjoyed strong inflows; inflows to European funds slowed sharply
- UK-focused equity funds saw outflows jump to their highest since February 2023 – now 34 consecutive months of net selling