The amount of money flowing into retail investment funds in the U.K. plummeted more than 85% last year to £7.2 billion from £48.5 billion the year before. Analysts say Brexit is mostly to blame.
Individual investors in the U.K. soured on fund investments in a big way in 2018, and analysts say nervousness over Brexit was mostly to blame.
The amount of money flowing into retail investment funds in the U.K. plummeted more than 85% last year to £7.2 billion from £48.5 billion the year before, according to recently published data from the Investment Association, a London-based fund-management trade body. Last year’s total was well below the £22.3 billion average over the past decade, the data show.
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