Funds

Emotion on Brexit Driving Investment Decisions?

The Daily Telegraph led its business section with a headline "Brexit vote led to biggest fund exodus on record" this morning. It reported that the referendum result caused the sharpest stock market fund sell off on record, apparently caused by private investors becoming "too emotional" over the vote. Investors in stock market funds sold a record £3.5bn from their portfolios in June in data reported by the Investment Association. However the press release issued by the Association also indicated that funds under ...