Investors pulled £4.2bn from equity funds ahead of Budget tax raid

October was the third-worst month on record for fund flows, new figures show, as investors sold assets ahead of the Autumn Budget

Stock price chart on trading board to illustrate investing concept
(Image credit: Yuichiro Chino via Getty Images)

October was a bleak month for fund flows, with UK investors withdrawing £4.2 billion from equities in a pre-Halloween horror show, according to figures published by the Investment Association today. Global and UK equity funds were the worst hit.

An additional £1.7 billion was withdrawn from other asset classes including bonds and mixed asset funds, bringing total outflows across the funds industry to £5.9 billion.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.