Investors Dump Europe, UK and Property Funds Post-Brexit

Europe, UK equity and property funds suffered billions of outflows in July, as investors worried about the wider impact of Brexit

Karen Kwok 30 August, 2016 | 10:00AM
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UK investors pulled £1.7 billion of European equity funds in July alone according to Morningstar data, as concerns about the contagion of Brexit spread to the European economy.

Data from Morningstar Direct revealed European equity funds have recorded £4.7 billion outflows since the start of the year.

Investors also sold £1.3 billion of UK equity funds, the largest outflows for the sector since 2009. In third and fourth place for outflows, UK equity income funds and commercial property funds recorded £487 million and £435 million outflows respectively. These four sectors contain the assets most affected by Brexit risk – domestic stocks, stocks at risk of contagion and property.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
M&G Optimal Income GBP A Acc231.76 GBP-0.02Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk