Retail investors, too, are exiting the UK equity market, with the Investment Association reporting a withdrawal of £14 billion from UK equity funds in 2023 alone. This marks the eighth consecutive year of outflows. Furthermore, the growing popularity of Exchange Traded Funds (ETFs) exacerbates the situation, as the UK now represents just 3.6% of the World equity market. Any investor wanting to invest £1,000 in the world according to the market cap, will be allocating just £36 to the UK.