Financial Services Industry
Industry: Email Alert RSS FeedRetail inflows to UK top European levels.
Investment Adviser, October, 2007
Byline: Report by McKinsey & Company found UK inflows highest in Europe at 7 per cent
inflows
by Susan Butterworth
Retail investors continued to channel money into equities in 2006, helping UK inflows grow at a faster rate than anywhere else in Europe, a report has found.
The report by consultants McKinsey & Company said at 7 per cent, retail inflows to the UK had been the highest in Europe, mainly due to a strong appetite for equity funds.
This trend was confined to the UK as money has been pouring out of equities in all other major markets, the report added.
Ben Yearsley, investment manager at Bristol-based IFA Hargreaves Lansdown, said: "The UK has more of an equity culture compared to the rest of Europe....
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