US strategies need a re-think

Despite a recent all-time high from the Dow Jones index, UK investors appear to have little interest...

Despite a recent all-time high from the Dow Jones index, UK investors appear to have little interest in the world's largest economy and stock market. According to figures from the IMA, sales of North American funds accounted for just 0.63% of total gross Isa sales in April, taking in just £5m. Five years ago, the sector accounted for 4.3% of sales, with monthly contributions totalling £44m. UK investors have held a long-standing underweight position in the US but this situation has worsened in recent years. The reasons are well known: the US market is the most efficient and highly cover...