News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

UK equity funds enjoy ‘Boris bounce’ after election

Fund managers have picked out UK stocks as likely outperformers in 2020 — investors seem to agree

Prime Minister Boris Johnson
Prime Minister Boris Johnson Photo: Getty Images

Investors poured almost £140m into unloved UK equity funds on the day after Boris Johnson’s general election victory — the highest daily total this year, bearing out hopes that a decisive result would reignite confidence in UK stocks.

According to Calastone, the data provider, funds that invest in UK companies attracted a net £138m on December 13, building on positive momentum that had been gathering in the weeks leading up to the election on December 12.

WSJ Logo