British investors have been net selling stocks for the sixth consecutive month, totaling nearly $14 billion dollars.
According to data released by the fund network Calastone on Thursday, British investors net sold stocks for the sixth consecutive month in November, setting the longest consecutive selling record in history. This trend is driven by market concerns that the UK government will cut investment tax incentives in the highly anticipated budget, exacerbating the selling frenzy. Stock funds saw a net outflow of 3 billion in November, the second largest monthly outflow in history, second only to the 3.6 billion outflow in October. Calastone added that the cumulative outflow over the past six months has reached 10.4 billion.
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