LONDON - British investors added a record 11.4 billion pounds into equity funds over the first six months of 2024, as the prospect of further central bank interest rate cuts fuelled demand for riskier assets, according to fund network Calastone.
"Hopes for cheaper money after the painful rate squeeze of the last two-and-a-half years are the clear driver of record flows into equity funds so far this year," said Edward Glyn, head of global markets at Calastone.
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