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UK investors pull more than £300m from US equity funds amid Trump’s tariff turmoil

Asset Management Correspondent

Global equity funds, which have a high weighting towards US stocks, also suffered net outflows in July

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UK investors pulled £330m from US equity funds in July, as concerns continue to grow about the impact Donald Trump’s tariffs will have on North American companies.

Figures from Calastone — which tracks money entering and leaving funds via financial advisers, fund supermarkets and wealth managers — showed North American equity funds posted their first month of outflows since October 2024.

Calastone figures show outflows posted by North America funds in July were the first since October 2024

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