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Last month, investors offloaded UK funds worth 448 million, the 28th consecutive occasion that portfolios invested in domestic stocks and shares suffered from net redemptions. Since the beginning of last year, UK property funds have suffered outflows of nearly 1 billion, according to data provider Calastone. Dividend payments from UK companies, which account for around 7percent of payments worldwide, stood at 22.4 billion in Q3, down by 4.8percent compared with the same period in 2022. Janus Henderson said “lower mining payouts largely balanced increases from banks and utilities”.
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