For the ninth consecutive year, investors have withdrawn funds from stock funds focused on the UK stock market, seeking better returns in US technology stocks. Data from fund management service provider Calstone shows that net outflows reached £9.6 billion last year, while funds focused on global investments saw an inflow of £19.5 billion. This highlights the grim situation of the UK stock market, which is shrinking, with some companies leaving the London Stock Exchange for the richer pools of New York, while others are being acquired due to undervaluation. The UK is also lacking technology companies that can elevate markets elsewhere to new heights. Since 2016, a total of £45 billion has been withdrawn from UK stock funds. Abrdn stated earlier this month that among the G7 economies, UK savers are the least willing to invest in the stock market, with UK adults allocating only 8% of their wealth to stocks and mutual funds, compared to 33% in the USA.