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The Actuary The magazine of the Institute & Faculty of Actuaries

Young investors committed to Brexit Britain

Despite 71% of UK retail investors aged between 18 and 30 voting to remain in the EU, 53% are more likely to invest following the referendum result, according to a new study by the SyndicateRoom.

Confidence from 'next generation of investors' after EU vote ©iStock
Confidence from 'next generation of investors' after EU vote ©iStock

This is more than triple the 15% of people aged 51 and above who are inclined to invest, and in excess of the 28% of overall investors who intend to commit more funds.

Of the additional capital that investors plan to deploy, 70% is expected to be in UK assets, as the environment in Britain is thought to be conducive for successful technological advancements and start-up companies.

SyndicateRoom CEO, Goncalo de Vasconcelos, said: “The UK has a lot to be proud of. Our market-leading technology, fast-evolving investor environment and first-class talent makes Britain the most attractive centre in the world for bringing technology and fintech companies to market.

“This remains the case, irrespective of Brexit. The continued confidence we’re seeing from our next generation of investors is a glowing endorsement of these strengths. It’s clear that tomorrow’s investors are the future of Brexit Britain.”

The SyndicateRoom study involved analysing sentiment and expectations from more than 1,000 retail investors in the aftermath of the EU referendum result.

It was found that equity markets offer the most appealing asset class for investors post-Brexit, with 56% opting for it as their best bet, more than double the 22% who sided with bonds.

This was reflected in younger investors, with 52% of those aged between 18 and 30 putting equities at the top of their list.

There are now calls for increased support for investors as they expand their investment portfolios moving into an uncertain future climate.

“With retail investment set to grow now more than ever, we need to ensure that this demand is channelled effectively to continue to support UK business, allow them to flourish and maintain the vital stimulus needed for a vibrant economy in the long term,” de Vasconcelos added.