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No-deal Brexit fears push investment fund outflows to $28bn

Almost $3bn has left UK-focused funds since it became clear that Boris Johnson would replace Theresa May as PM

Hard hats required: PM Boris Johnson has pledged to leave the EU on October 31 'do or die'
Hard hats required: PM Boris Johnson has pledged to leave the EU on October 31 'do or die' Photo: Reuters

Withdrawals from UK investment funds have jumped on fears that Britain will crash out of the EU in October without a deal, with investors pulling almost $30bn from UK equity funds since the 2016 referendum vote. 

Heavy outflows returned after it became clear that pro-Brexit MP Boris Johnson would replace Theresa May as Conservative Party leader and prime minister. 

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