|

Brexit drives £62bn offshore as UK fund investors flee to Dublin and Luxembourg ______

10 Apr 2019

UK investors have moved a net £62bn of their fund investments outside the UK since the Brexit referendum in June 2016, according to the latest Fund Flow Index (FFI) from Calastone, the largest global funds transaction network. In March 2019 alone, as the UK Parliament teetered on the brink of a no-deal Brexit, they placed a net £2.7bn in EU-based funds, almost three times the amount that flowed into UK regulated funds.

Here are some of the key highlights from the report:

  • £62bn of capital has flowed into offshore funds since Brexit; £2.7bn in the last month alone
  • Before the referendum, only £2.5bn flowed offshore in eighteen months
  • Dublin-based funds have enjoyed £42bn of net inflows, Luxembourg has enjoyed £20bn
  • Flows have been into all asset classes, reinforcing the suggestion that jurisdiction, not choice of asset, has driven the offshore trend

To read further insights from the FFI, please click through this link

Read this edition of the FFI in full

Featured articles

Wealth Management Connect: Waiting for the Floodgates to Open

Are you ready for a post-pandemic surge in investor confidence?

Broadening the digital asset marketplace

Where should fund administrators be investing?

LATE CASH SETTLEMENTS CONTINUE TO PLAGUE GLOBAL FUNDS INDUSTRY

Severe but plausible – the shifting operational resilience paradigm

FUND TRANSFER DELAYS CAUSED BY LACK OF INDUSTRY COLLABORATION AND AUTOMATION

Thailand’s policy-powered ESG movement and what it means for asset managers

Driving digital transformation and the role of asset servicers