Investors Take Profits From US Stocks

Funds in the IA North America sector, the third best-performing this year, saw net outflows in July, signalling a wave of profit-taking by UK investors

David Brenchley 16 August, 2018 | 2:42PM
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Wall Street, US flag, US stocks, funds, fund flows, Fidelity, Baillie Gifford American

Funds in the Investment Association North America sector saw outflows of £700 million in July, the most in a single month in three and a half years, according to Morningstar Direct data. This is the third best-performing sector year-to-date, suggesting UK investors are taking profits and de-risking portfolios.

US equities have been the main driver of world equity markets so far in 2018, as emerging markets battle with trade woes, European growth continues to slow and Brexit clouds the outlook in the UK. The US economy continues to fly, with tax reforms benefiting companies and interest rates rising.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford American B Acc2,086.45 GBP-1.44Rating
Fidelity American Special Sits W Acc1,880.02 GBP0.32Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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