UK investors buy record $14.5 billion of stocks this year, Calastone says

LONDON, July 3 (Reuters) – British investors added a record 11.4 billion pounds ($14.5 billion) 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.

The flows into stocks were the highest for a half-year period in Calastone’s 10-year records, the firm said, adding that in June UK investors added 1.7 billion pounds to equities, extending a strong run of inflows.

Source: REUTER