The UK continues to be the investment region of choice for many advisers in 2015, with over a quarter (28%) stating that it’s their preferred geographical region for investments this year, according to research from Cofunds. Despite this, advisers remain cautious ahead of the forth coming UK General Election.
The poll , conducted by the leading investment platform in the UK, highlights that even though half (49%) of advisers say their clients are optimistic about the UK’s current economic outlook, over two thirds (67%) are concerned about how this year’s UK General Election will impact consumer confidence in the UK. In fact, over one in ten (11%) view potential political change s following the election as the biggest challenge they will face in 2015
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Stephen Wynne-Jones, head of marketing at Cofunds commented: "As the current Government’s recent Budget announcement highlighted, UK growth remains strong with optimistic GDP figures to match. Nevertheless, we’ve noticed that investors have started stemming their flows into UK funds, for the time being at least, until the general political instability is resolved."
"Interestingly, looking back at the performance data of the FTSE 100 around the time of the last general election in 2010, the fallout from the hung parliament is clear, with a 10% drop by July. It’s therefore easy to see why investors would be erring on the side of caution ahead of this year’s election, especially with the FTSE trading so high."
The US (25%) is the second most popular geographical region for advisers when considering the best place for their clients’ investments in 2015, followed by the Far East (16%), and Europe (16%).
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By GlobalData
