UK-based equity funds see record $4.1 billion inflows in March, says Calastone By Reuters
LONDON (Reuters) - British-based equity funds saw a record three billion pounds ($4.13 billion) in inflows in March as investors bet on an economic rebound, data from fund network Calastone showed on Thursday. Globally-focused equity funds attracted the most investment as vaccine roll-outs around the world boosted optimism. "New capital has flooded in from investors keen to capitalise on the post-COVID economic recovery," said Edward Glyn, head of global markets at Calastone. The inflows beat a previous record set in April 2020, following government and central bank stimulus in response to COVID-19. Environmental, social and...
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