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UK fund withdrawals reach largest on record amid Budget panic

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Summary
Nutrition label

77% Informative

Investors sold a 2.7bn stake in funds throughout the month in anticipation of Chancellor Rachel Reeves hiking capital gains tax, up from 564 m of withdrawals in September .

UK -focused funds bore the brunt of the selling as UK equity funds lost 988 m in October .

US equity funds weren’t spared either, with investors taking out 135 m in their first outflows in over a year .

VR Score

80

Informative language

81

Neutral language

40

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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