Posted 3/5/2024, 12:10:00 PM
UK Investors Pour Billions into Booming US Stocks, Abandon Struggling British Market
- U.K. investors have started investing billions into U.S. stocks while continuing to withdraw money from British equities
- This signals issues in the U.K. stock market - lack of liquidity, low valuations, fewer IPOs
- £6.31 billion plowed into U.S. equity funds since November during tech-fueled rally
- Record £2.54 billion invested in North American funds in February alone
- Reverses prior trends of British investors pulling money out of U.S. markets over past 18 months