# UK investors add $1.2 billion to equity funds in March – Calastone
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: UK investors put £960 million into equity funds in March,
Meta Description: Investors in the UK put £960m into equity funds in March, despite fears over the banking sector. Global funds saw inflows, but UK-focused funds continued to
URL: https://financedigest.com/uk-investors-add-1-2-billion-to-equity-funds-in-march-calastonehtml

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LONDON (Reuters) – UK investors shrugged off fears about the banking sector in March and put 960 million pounds ($1.2 billion) overall into equity funds, in a reversal of the outflows seen in January and February, funds network Calastone said on Wednesday.

Equity funds saw their biggest net inflows in March since December 2021, Calastone said, although UK-focused funds still saw overall outflows for the 22nd month running.

Global-focused equity funds saw 1.69 billion pounds of inflows, while UK-focused equity lost 747 million pounds.

London’s FTSE 100 lost around 3.1% in March, having taken a [hit from fears](https://www.financedigest.com/uk-economy-set-for-smaller-hit-in-2023-than-previously-feared-imf.html "UK economy set for smaller hit in 2023 than previously feared – IMF") about a global banking meltdown.

The large share of UK-focused funds in investor portfolios makes them an obvious source of cash for those keen to reduce overall equity exposure,” Edward Glyn, [head of global](https://www.financedigest.com/new-york-catches-up-with-london-to-head-citys-global-centres-survey.html "New York catches up with London to head City’s global centres survey") markets at Calastone, said.

The increasing perception of the London stock market as an investment backwater, along with the [political and economic](https://www.financedigest.com/uae-plans-long-term-economic-ties-with-israel-despite-political-strains.html "UAE plans long-term economic ties with Israel despite political strains") difficulties the country has been facing, have kept the pressure on to rebalance holdings away from UK shares,” he added.

Property funds saw net withdrawals for the eighth month in a row, although the 15 million pounds pulled by [investors overall was lower than the last eight months’](https://www.financedigest.com/6-months-to-go-until-brexit-and-investor-sentiment-remains-bold.html "6 months to go until Brexit and investor sentiment remains bold") average outflow of 58 million pounds.

[Fears about the health of banks](https://www.financedigest.com/banking-turmoil-means-recession-fears-are-creeping-back.html "Banking turmoil means recession fears are creeping back") in the U.S. and in [Europe in March](https://www.financedigest.com/u-s-oil-exports-to-europe-hit-record-in-march-on-steep-discounts.html "U.S. oil exports to Europe hit record in March on steep discounts") had “no noticeable impact on property funds” Calastone said, citing daily trading figures.

($1 = 0.8004 pounds)

(Reporting by Elizabeth Howcroft; Editing by Andrew Heavens)


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