Brexit remains the single biggest concern for investors, according to the latest Schroders Annual UK Adviser Survey, with 94% of clients raising it with their financial advisers.
As such, 40% of clients have moved money out of UK assets, while 49% have reduced their overall risk exposure, although these trends appear to be reversing. UK equities have seen the biggest change in asset allocation exposure over the past 12 months, with only 38% of advisers reporting exposure as unchanged. More clients have increased their UK exposure (37%) than reduced it (25%). The biggest move has been in government bonds, where 28% of advisers reported a decrease in allocation. Clients' money has largely been rotated into the US, with 74% increasing their asset allocation to...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
