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Wealthy Investors To Reduce UK Exposure Following Brexit Vote

According to a deVere Group poll of clients, 69% intend to decrease their investment exposure to the UK for the remainder of 2016.

By Natalie Dolce | nataliedolce | | Updated on August 04, 2016

exitsign A majority of high-net-worth individuals want to rebalance and diversify their investment portfolios in order to reduce their exposure to U.K.-based assets in the wake of the Brexit vote, according to a recent global poll by deVere Group . As posted in an article originally published by GlobeSt.com’s sister publication, ALM’s ThinkAdvisor.com, deVere Group surveyed 770 clients with investable assets of $1.3 million or more, and asked them “Do you intend to decrease your investment exposure to the U.K. during the remainder of 2016 following Britain’s decision to leave the EU?” Of those surveyed, 69% said “yes.” Meanwhile, 18% responded “no” and 13% said they did not yet know. According to Nigel Green, deVere Group’s founder and CEO, the poll’s results show that HNW investors are overwhelmingly considering rebalancing and diversifying their portfolios following the U.K.’s decision to leave the European Union. To read more about international investing risks and more, visit the full article at ThinkAdvisor.com by clicking here.

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