Brexit fallout tops list of concerns for DFMs

Optimistic on international equities

Nearly 70% of discretionary fund managers (DFMs) rate Brexit as the biggest risk to their investment portfolios, according to a survey conducted by CoreData Research.

A study of 92 DFMs carried out in August found that seven out of 10 asset allocators believe Brexit poses the biggest threat to their investments. Meanwhile, two thirds also believe Britain's decision to leave the EU in June does not improve the outlook for UK equities in the long term. However, just 37% of those surveyed said they would consider reducing their exposure to UK equities prior to the triggering of Article 50, which Prime Minister Theresa May said would happen by the end of March 2017. The study, which asked DFMs to select the three biggest factors that could negativel...