Budget fears saw investors pull a record £6.7 billion out of stocks and shares funds in the two months leading up to last week’s fiscal event, figures show.
Another £3.02 billion in equity fund outflows last month, following £3.63 billion in October, means investors have now sold down equities for a record six consecutive months, in the “most prolonged and most severe bout” of selling, according to global funds network Calastone.
