ETF Investors Snap Up Brexit Bargains

Exchange traded fund investors used depressed valuations in the first quarter of 2019 to up their exposure to mid-cap Britain despite Brexit uncertainty, according to Morningstar data

David Brenchley 8 April, 2019 | 2:55PM

Theresa May Brexit negotiations in Brussels

Despite continued Brexit uncertainty, there are signs that domestic UK equities are coming back into favour with investors after cash was poured into mid-cap exchange traded funds during the first quarter of 2019.

ETFs in Morningstar's UK Mid-Cap Equity category saw their highest quarterly level of net inflows in more than a decade, Morningstar data shows, at €872 million from January to March. That’s almost three times as much as the previous high of €313 million in the third quarter of 2013.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Auto Trader Group PLC571.40 GBP0.00
Carsales.com Ltd20.05 AUD0.00
Domino's Pizza Group PLC345.60 GBP0.00
Domino's Pizza Inc397.59 USD0.00
Fidelity UK Select W Acc296.80 GBP0.10
Invesco FTSE 250 ETF13,362.14 GBP-0.32
iShares FTSE 250 ETF GBP Dist1,665.21 GBP-0.57
KBC Group SA/NV46.52 EUR0.00
Lloyds Banking Group PLC26.26 GBP0.00
Value And Income Ord172.00 GBP0.73
Vanguard FTSE 250 UCITS ETF27.61 GBP-0.91
Xtrackers FTSE 250 ETF 1D1,718.82 GBP-0.30

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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