UK investors' stocks sell-off accelerates, ESG 'boom ends'

📆 21/02/45 04:59 م
📰 Reuters

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Investors in Britain dumped both stocks and bonds in August as they continued to opt for the safety of cash and money-market funds, according to data from fund network Calastone published on Tuesday.

Funds focused on environmental, social and governance issues also saw a fourth consecutive month of net selling, down 953 million pounds - taking the total pulled from such funds to nearly 2 billion pounds since May.

Fixed income funds also saw net selling of 330 million pounds in August, marking a reversal of fortunes after adding 4.8 billion pounds over the first seven months of the year against a backdrop of rising interest rates. Money market funds once again outperformed, adding 673 million pounds - the second highest monthly inflows on record.

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