Top UK All Cos managers aim high despite trend for overseas earning

Retail investors pull money out of UK All Companies but strongest managers in the group continue to deliver

With the trend away from UK-centric funds gaining momentum, retail investors are increasingly turning away from the IMA UK All Companies sector, culminating in a £689m net outflow in March. Since October 2009, the sector has suffered net outflows every month, apart from November when sales only reached £79m. While the UK equity market has rallied strongly over the past year, net retail sales failed to surpass £100m during any month. However, UK All Companies funds have generally benefitted from the FTSE’s recovery, with the average vehicle up 29% over 12 months to 14 May, according ...