UK Stock Exposure Slashed by Most in Over Three Years, BofA Says

Investors cut their exposure to UK equities at the fastest pace in over three years, according to Bank of America Corp.’s global fund manager survey.

Allocation to UK equities saw the biggest three-month drop since October 2022, the poll showed. “In November, bearish asset allocation was expressed via allocation to UK stocks,” strategists led by Michael Hartnett wrote in a note.