A new study has revealed that high-net-worth investors and Savers that are based in London are more concerned about low-interest rates and the overall economic uncertainty rather than Brexit.
A survey that was conducted by Rathbone Investment Management discovered that only 26 percent of the investors in the capital said that they consider Brexit as a significant threat to their finances, while 66 percent said that they are feeling more positive about their pounds compared to last year.
In comparison, nearly half or 46 percent of the investors in the capital observed economic uncertainty as a major threat and 36 percent considered lasting low-interest rates as a principal concern.
An investment director at Rathbones, Robert Hughes-Penney, stated: “In this climate of heightened uncertainty, it’s encouraging to see investors appreciate that there need not be a ‘bad’ Brexit scenario as far as their investments are concerned and they are considering the overall economic climate.
“So long as investors are vigilant and prepared to adapt and make sure their investment portfolio is diversified, they should be able to make positive investment choices which mitigate both the risks of Brexit and inflation.”
Even though numerous economic bodies have warned regarding the growing pace of inflation, at a time when increases in wages have been less than impressive, the survey of Rathbones revealed that 42 percent of the investors believed that their finances had been positively affected by the increase in inflation.
Only 10 percent were revealed to be concerned that it would affect them in the near future, though 27 percent said that they had already been negatively impacted by the growing rate of inflation.