Investors Sell UK and Europe Funds Ahead of EU Referendum

Investors are selling assets in UK funds ahead of a Britain's EU referendum vote. Could this be a buying opportunity for mid-cap and small-cap equity funds?

Karen Kwok 9 June, 2016 | 10:05AM
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Investors have sold billions of Europe and UK equity funds so far this year in response to market volatility in both regions ahead of Britain’s EU membership vote.

In April 2016, more than £2 billion outflows were recorded in the Europe ex-UK large-cap equity sector, its largest monthly outflows in five years, according to data from Morningstar Direct.

From January to April 2016, that sector recorded £2.1 billion outflows. The UK mid-cap equity fund sector also saw £206 million outflows from January to April 2016 while UK small-cap equity records £185 million outflows at the same period of time.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Franklin UK Mid Cap A Inc  
Liontrust UK Smaller Companies R Inc2,286.42 GBP0.27Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for