UK stock funds have experienced capital outflows for the ninth consecutive year as investors turn to US tech stocks.

On January 8th, Jinshi Data reported that investors have withdrawn funds from stock funds focused on the UK stock market for the ninth consecutive year and are seeking better returns in US technology stocks. Data from fund management service provider Calstone shows that net outflows reached 9.6 billion pounds last year, while funds focused on the global market saw an inflow of 19.5 billion pounds. This highlights the severe situation of the UK stock market, which is shrinking, with some companies leaving the London Stock Exchange for the more substantial capital pool in New York, and others being acquired due to undervaluation. The UK also lacks technology companies to push markets in other places to new heights. Since 2016, a total of 45 billion pounds has been withdrawn from UK stock funds. Earlier this month, Abrdn stated that among G7 economies, UK savers are the least willing to invest in the stock market, with only 8% of the wealth of UK adults allocated to stocks and mutual funds, compared to 33% in the US.