Brexit Triggers $6.3B Net Outflow From UK Equity Funds

Law360, London (February 7, 2019, 3:24 PM GMT) -- Fears that Britain will crash out of the European Union caused net retail outflows of £4.9 billion ($6.3 billion) from U.K. equity funds in 2018, according to an industry trade group, amid warnings of worse to come unless the government can secure an orderly withdrawal.

The Investment Association, which represents U.K. asset managers, said that net sales of all types of investment funds to retail investors plummeted 85 percent to £7.2 billion in 2018 from £48.5 billion in the previous year.

“U.K. equities were particularly hard hit, with savers reacting to the ongoing Brexit uncertainty by pulling out £4.9 billion in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!