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UK Stocks Set for Record Outflows in a 2022 Meltdown, BofA Says

  • $18 billion has been pulled from UK equity funds this year
  • BofA strategists stay bearish on global stocks, see lows in 1Q

UK equity outflows are on track for their worst year ever, with investors pulling $18 billion from the country’s stock funds so far in 2022, according to Bank of America Corp.

The figure eclipses prior years, and would mark a seventh straight year of UK equity outflows -- every year since the 2016 Brexit referendum -- according to EPFR Global data, cited by Bank of America strategists in a note.