U.K. Domestic Stock ETF Is the Most Popular in Nine Months
- Vanguard FTSE 250 ETF failed to attract inflows for months
- U.K. stocks are the world’s biggest underweight, BofAML says
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Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Conflicting Brexit headlines keep coming and Boris Johnson’s ability to pull off a deal remains in doubt. But this isn’t stopping stock investors from taking a bet on the U.K. economy.
The Vanguard FTSE 250 UCITS exchange-traded fund, which tracks the index of mid-cap companies that are more sensitive to domestic growth and benefit when sterling is stronger, has attracted about 81 million pounds ($104 million) so far this week, the largest inflow since January, according to data compiled by Bloomberg.