British Investors Lack Faith in Their Own Economy, Liberum Says
- UK funds have moved $13 billion into US stocks over 12 months
- Liberum strategists cite ‘lack of faith’ in Britain’s economy
Pedestrians look at the Canary Wharf district in London.
Photographer: Simon Dawson/Bloomberg
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British investors lack confidence in the economy and have been dumping stocks from their home market — even as US investors have been buying UK stocks, according to Liberum Capital Ltd.
UK equity funds moved $13 billion into US stocks in the year through June, while Americans bought London-listed stocks worth $21.8 billion in the same period, strategists Joachim Klement and Susana Cruz said in a note to clients. They cited data compiled by Bloomberg that’s sourced from the US Department of Commerce.