Ask a fund manager investing in UK shares what is his or her biggest problem and the answer you are likely to get is: redemption. They are, however, pointing to a crisis of confidence in the UK stock market. Over the past months and years, redemptions by small savers from funds that invest in UK shares have been taking place on a worrying scale. The exodus is terrible for the UK stock market and the wider economy. As broker AJ Bell puts it, the UK funds industry 'is going through a dark age'.

Source: Daily Mail May 05, 2024 21:04 UTC