U.K.-domiciled investment funds hemorrhaged £4.7 billion ($6.2 billion) in July, the biggest monthly net outflow for at least three years.
Equity funds were the worst hit, with net outflows of £5.7 billion last month, according to data from investment research provider Morningstar. Also hard hit were U.K. property funds, with net outflows of £438 million.
This followed the U.K.'s surprise vote to leave the European Union on June 23. The news rocked London-listed and global stocks, plus sterling. The internationally focused FTSE 100 index has recovered, however, with the weaker pound helping companies that largely report in U.S. dollar terms.