Latest news with #EdwardGlyn
Daily Mail
4 days ago
- Business
- Daily Mail
Investors pull another £449m out of UK stocks despite Footsie's strong recent performance
British investors pulled £449million out of UK equities in May as the FTSE 100's strong recent performance failed to drum up renewed appetite for London stocks. It was the smallest outflow since the end of last year and half the average seen during a dismal run for UK markets over the past three years. But nearly £4.5billion has been withdrawn from London-listed shares this year, says funds network Calastone. Edward Glyn, head of global markets at Calastone, said that while the UK market has been flirting with all-time highs, the recovery 'has not been enough to spur new buyers to reappraise the prospects for UK equities'. He added: 'The relentless outflows represented a clear capitulation on hopes for UK shares. It's too soon to call an end to this trend, but a less negative narrative is a necessary first step.' Overall flows into all equity funds remained positive in May but were sharply lower than in April, dropping by a billion to £525million. Calastone said it was a strong month for European funds but investors were more cautious on US and other global stocks. World markets were boosted by Donald Trump's retreat from his most extreme tariff positions, Glyn said.
Times
07-05-2025
- Business
- Times
Investors in UK dump bonds at fastest rate in five years
Investors in Britain dumped bonds at the second highest rate on record as tariff wars raised expectations of an emergency US interest rate cut and cash was raised to meet margin calls caused by market turmoil. Just over £1.2 billion was pulled from fixed income funds in April, according to data from Calastone, the global funds network, the fastest pace since the early days of the pandemic in April 2020. A sweeping round of tariffs announced on April 2, which President Trump nicknamed 'liberation day', rattled investor confidence in the American economy, triggering a decline in the value of the dollar and a sell-off in US bonds. Edward Glyn, head of global markets at Calastone, said that the turmoil in US bond markets had 'pressured
Yahoo
08-04-2025
- Business
- Yahoo
UK investors loaded up on US stocks prior to Trump tariff turmoil, data shows
LONDON (Reuters) - British investors piled into U.S. stocks in the weeks leading up to President Donald Trump's announcement of a barrage of trade tariffs last week that sent stocks tanking, funds network Calastone said on Tuesday. North American equities - comprising mainly of U.S.-focused funds - netted 1.8 billion pounds ($2.3 billion) of inflows from UK investors in March, their third-best month in the 10-year data set, as investors tried to "buy the dip" following a weak start to the year for U.S. shares, Calastone said. A seasonal shift into stocks in the UK every March - to take advantage of tax breaks ahead of the end of the UK's tax year on April 5 - also helped fuel the buying. "The strong appetite for US equities in March is at odds with tidal forces in global markets that are seeing a strong rotation out of US assets and into markets like Europe and the UK," said Edward Glyn, head of global markets at Calastone. U.S. stocks were already down year-to-date prior to Trump's tariff announcement last Wednesday, but those declines turned into a dramatic drop in subsequent days as investors dumped equities. Stock market downturns have increasingly attracted retail investors looking to "buy the dip". Retail investors bought $4.7 billion in stocks last Thursday, the highest level over the past decade, JPMorgan said in a note on Friday. Trading volumes both in and out of U.S. stocks were much larger than usual in March, Calastone said, suggesting disagreement among investors over prospects for the U.S. market, which has outperformed rivals in recent years. Equity funds overall saw net inflows from UK investors of 1.4 billion pounds in March, despite investors pulling a net 1.2 billion pounds from UK equities, according to Calastone's data. Investors also withdrew a net 700 million pounds from bond funds in the month, while safe-haven money market funds attracted 513 million pounds of new cash. ($1 = 0.7813 pounds)
Reuters
08-04-2025
- Business
- Reuters
UK investors loaded up on US stocks prior to Trump tariff turmoil, data shows
LONDON, April 8 (Reuters) - British investors piled into U.S. stocks in the weeks leading up to President Donald Trump's announcement of a barrage of trade tariffs last week that sent stocks tanking, funds network Calastone said on Tuesday. North American equities - comprising mainly of U.S.-focused funds - netted 1.8 billion pounds ($2.3 billion) of inflows from UK investors in March, their third-best month in the 10-year data set, as investors tried to "buy the dip" following a weak start to the year for U.S. shares, Calastone said. A seasonal shift into stocks in the UK every March - to take advantage of tax breaks ahead of the end of the UK's tax year on April 5 - also helped fuel the buying. "The strong appetite for US equities in March is at odds with tidal forces in global markets that are seeing a strong rotation out of US assets and into markets like Europe and the UK," said Edward Glyn, head of global markets at Calastone. U.S. stocks were already down year-to-date prior to Trump's tariff announcement last Wednesday, but those declines turned into a dramatic drop in subsequent days as investors dumped equities. Stock market downturns have increasingly attracted retail investors looking to "buy the dip". Retail investors bought $4.7 billion in stocks last Thursday, the highest level over the past decade, JPMorgan said in a note on Friday. Trading volumes both in and out of U.S. stocks were much larger than usual in March, Calastone said, suggesting disagreement among investors over prospects for the U.S. market, which has outperformed rivals in recent years. Equity funds overall saw net inflows from UK investors of 1.4 billion pounds in March, despite investors pulling a net 1.2 billion pounds from UK equities, according to Calastone's data. Investors also withdrew a net 700 million pounds from bond funds in the month, while safe-haven money market funds attracted 513 million pounds of new cash. ($1 = 0.7813 pounds)
Yahoo
10-02-2025
- Business
- Yahoo
UK-focused funds hit hard as investors pull cash from stocks, Calastone says
LONDON (Reuters) - British investors yanked a net 640 million pounds ($799 million) from equity funds in January, ending a long run of inflows, as UK-focused funds suffered their sixth-biggest monthly net withdrawals on record, funds network Calastone said on Wednesday. After a wave of bullish sentiment in late 2024 when investors poured money into equity, bond and mixed asset funds, Calastone said UK investors started 2025 "in a more pessimistic mood." UK-focused funds lost 1.07 billion pounds of cash, despite British shares hitting record highs, Calastone said. European and Asian funds also suffered net outflows, with North American stocks enjoying 576 million pounds of net new money, the data showed. "The UK stock market reached all-time highs in January, but investors merely took this as an opportunity to get out while the going was good," Edward Glyn, head of global markets at Calastone, said in a statement. 'Apparently nothing can dent the enthusiasm for U.S. stocks, however. Even the DeepSeek AI shock that happened late in the month spurred appetite rather than fear," Glyn added, noting that a day after the DeepSeek-induced selloff, North American equity funds notched their best day of the month for net inflows. Fixed income funds saw a sharp drop in inflows as government bond yields jumped before calm returned to the market later in January, Calastone said. ($1 = 0.8015 pounds) Sign in to access your portfolio
