UK equity funds had their first net inflows in four months in October, on hopes for an end to the political deadlock over Brexit. However, sentiment among retail investors is still “very fragile”.

According to figures from Calastone, the fund data provider, published on November 6, UK equity funds registered net inflows of £16m during October. This was driven in part by the announcement that prime minister Boris Johnson had agreed a Brexit deal with the European Union.