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Chart: Investors panic post-Brexit vote

Retail investors fled funds in droves in June
August 3, 2016

The investor panic in the wake of the Brexit vote in June has been laid bare by Investment Association statistics for the month, which showed retail investors sold funds in droves, especially in the days before and after the EU referendum.

Net retail sales of funds to UK private investors collapsed in June, falling by almost £3.5bn as the Brexit vote wrought huge volatility to the markets. Unsurprisingly, property funds were hit with net sales outflows of £1.45bn in June compared with an outflow of £367m the previous month. Global bond funds proved most popular with both retail and institutional investors, although the latter held their nerve more in property funds, or were possibly simply blocked from selling as property funds shuttered against redemptions in the wake of the Brexit vote.