UK investors poured 960 million pounds ($1.2 billion) into equities funds in March, reversing January and February withdrawals, according to funds network Calastone.
Calastone said equity funds saw their greatest net inflows since December 2021 in March, but UK-focused funds still had withdrawals for the 22nd month.
World stock funds gained 1.69 billion pounds, while UK equity lost 747 million.
London’s FTSE 100 (.FTSE) fell 3.1% on global financial crisis worries in March.
“The substantial number of UK-focused funds in investor portfolios makes them an obvious source of capital for those wanting to minimize total stock exposure,” said Calastone head of global markets Edward Glyn.
“The rising impression of the London stock market as an investment backwater, together with the political and economic issues the nation has been facing, have put the pressure on to rebalance holdings away from UK equities,” he continued.
Investors took 15 million pounds from property funds for the seventh month, lower than the average outflow of 58 million pounds.
“No discernible impact on property funds,” Calastone stated, citing daily trade numbers.
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