Investors flee UK stock funds on Brexit worries

Unease over Brexit has sent investors fleeing from UK stock funds for a fourth consecutive week, bringing the total drained from such funds to nearly $25bn since the 2016 vote on leaving the EU. Investors withdrew $304.5m from funds that invest in UK shares for the week ending Wednesday, extending the total for the year past $1bn and to $24.8bn since the vote three years ago, according to EPFR Global data. “The continued uncertainty and a cloudy road map on Brexit and what it will mean for trade relationships and corporate earnings are leading to outflows,” said David Donabedian, chief investment officer from Atlantic Trust. “Investors, both domestic and international, are looking for other places to grow their money.”