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LONDON - UK investors withdrew 564 million pounds ($747.47 million) from equity funds globally in September, the first equity fund outflows in 11 months, on worries about the UK economy and euro zone growth, funds network Calastone said on Thursday.
Investors were particularly negative on UK-focused equity funds, Calastone said in a monthly report, pulling 666 million pounds from the sector following downbeat commentary on the economy from Britain's new government.
"There is clearly growing caution about growth," said Edward Glyn, head of global markets at Calastone.
"The sharp drop in inflows to European funds accompanies a slew of negative news coming from the euro zone," he added.
UK investors also took 769 million pounds from fixed income funds over the month, with selling concentrated ahead of interest rate decisions by the Bank of England, European Central Bank and U.S. Federal Reserve, Calastone said. ($1 = 0.7545 pounds)
(Reporting by Carolyn Cohn Editing by Alexandra Hudson)