Article source
Financial Times
Article date
Wed, Jun 21, 2017
UK funds sold domestic shares at the highest rate on record in the first quarter of the year, replacing them with investments in short-term assets in a possible sign of nerves.
The shift “may signal that businesses are reluctant to commit to longer-term investment strategies at this time and may reflect continued uncertainty during this quarter,” the Office for National Statistics said.
UK-based insurance companies, pension funds and trusts reduced their investments in UK shares by £15bn in the three months to March, according to the Office for National Statistics.