UK investors pulled over ÃÂ£1.6bn (Ã¢ÂÂ¬2bn) out of pooled equities funds in May, and placed almost ÃÂ£800m into fixed income assets, continuing a trend in favour of low-risk asset classes.

According to statistics published by the Investment Management Association, a UK industry body, British institutions pulled a net Â£768m from equities funds. The majority of the outflows were from vehicles investing in UK equities: Â£417m of the outflows were from funds in the IMA's UK All Companies sector. The outflows were partially offset by net inflows of Â£57m into UK equity income funds.

Phil Craig

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UK investors continue shift to low risk

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