Schroders survey: 94% of investors concerned about Brexit

Annual UK adviser survey

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...