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Ahead of vote, UK equity funds see second-largest outflows ever

BAML says UK equity funds lost US$1.1b in the week to June 15
Saturday, June 18, 2016 - 05:50

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The scale of withdrawals from UK equity funds was the second highest on record because of uncertainty over the June 23 referendum on Britain's membership of the European Union, Bank of America Merrill Lynch said on Friday.

London

THE scale of withdrawals from UK equity funds was the second highest on record because of uncertainty over the June 23 referendum on Britain's membership of the European Union, Bank of America Merrill Lynch said on Friday.

Worries that Britain, the world's fifth-largest

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