UK Equity Fund Withdrawals Surge
This is a UK news story, published by CityAM, that relates primarily to Rachel Reeves news.
UK news
For more UK news, you can click here:
more UK newsRachel Reeves news
For more Rachel Reeves news, you can click here:
more Rachel Reeves newsNews about United kingdom business & economics
For more United kingdom business & economics news, you can click here:
more United kingdom business & economics newsCityAM news
For more news from CityAM, you can click here:
more news from CityAMAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about United kingdom business & economics, you might also like this article about
UK equity fund withdrawals. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest October investors news, UK assets news, news about United kingdom business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
UK equity fundsCityAM
•UK fund withdrawals reach largest on record amid Budget panic
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
External references
1
Source diversity
1
Affiliate links
no affiliate links