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  • 15/11/2024
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The cap currently stands at just over 31 trillion. That figure was breached earlier this year when the US Treasury Department deployed ‘extraordinary measures’ to provide the government with extra cash and buy time to figure out a solution. Investment funds specialising in AI are also attracting increasing interest from investors. At the time, the Bank of England was forced into taking emergency action on the bond markets amid market turmoil that saw the cost of government borrowing rise sharply. Calastone reported that UK equities bore the brunt of withdrawals last month with investors pulling out 612 million, the 25th consecutive month of net-selling. The FCA’s letter to “approximately 40” investment platforms and self-invested pension providers was described by the regulator as a “specific data request”.

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