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Investors have pulled almost £3bn from UK equity funds so far this year

Asset Management Correspondent

Equity funds on sale to UK investors suffered their largest outflows since Liz Truss's mini-budget last month.

Then-Prime Minister Truss sent markets into a tailspin last September with a package of unfunded spending and tax cuts.

Equity funds record worst outflows since UK mini-budget chaos

David Ricketts

Finance

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Find out who is on the move in the City and beyond this week

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In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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