UK fund investors have shifted a net £62bn of their investments outside the UK since the 2016 Brexit referendum, according to the latest Fund Flow Index (FFI) from Calastone.
In March 2019 alone they placed some £2.7bn in EU-based funds, almost triple the inflows into UK-regulated funds, as worries over a no-deal Brexit escalated. According to the report, almost all of the total £62bn is now invested in EU-based funds, with Dublin coming out as the biggest winner, taking in some £42bn; almost all of the rest has gone into funds domiciled in Luxembourg. This figure is a staggering increase from the £2.5bn UK investors placed into offshore funds in the 18 months preceding the referendum. In the last six months, however, UK investors have placed more mone...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
