Square Mile's Scott Spencer: It is time to take another look at the UK

Pro-growth agenda

Month in, month out, retail fund sales statistics from the Investment Association (IA) present grim reading for managers of UK equity strategies.

With depressing consistency, they mark the steady ebb of monies from our domestic market. In February, this totalled £1.4bn, accounting for the bulk of the £1.6bn withdrawn across all IA equity sectors.  While this was slightly lower than the £1.7bn outflow witnessed in January, it seems the tide is still a long way from turning in favour of the UK. This exodus from UK stocks is not a new phenomenon but is part of a trend at play for many years. UK pens 'landmark' £25.5bn trade deal with India In 1997, UK pension funds held 53% of their assets in UK-listed companies; by the e...