UK investors returned to equities for the first time in six months, as asset managers looked to reorientate their portfolios to account for brighter sentiment on inflation and interest rates.
Retail investors in the UK added a net £449mn to equity funds in November following half a year of net outflows, according to data from funds network Calastone. Data from trading platform Hargreaves Lansdown also shows investors are once again buying “risk assets”, such as US equity funds.
“November saw good news on inflation in the US, the UK and in Europe, which investors increasingly hope will stay the hand of policymakers deciding on the next move for rates,” said Edward Glyn, Calastone’s head of global markets.
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