UK funds move further into equities camp

By Sujata Rao LONDON (Reuters) - British funds upped their equity allocations to eight-month highs in January on expectations that a reflationary spending boost expected under U.S. President Donald Trump will extend stock markets' outperformance. Reuters' latest monthly survey of 14 UK-based funds also showed a majority of investors are preparing for Britain to opt for a "hard" Brexit - leaving the European Union without access to its single market. The poll however showed little change in UK in