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Laxman Pai, Opalesque Asia: According to the State Street Corporation Brexometer Index, more than a third (37%) of institutional investors surveyed think their company will use more cross-border fund locations, as they consider the economic impact of Brexit.
The latest findings from its Brexometer Index revealed that over half (57%) of survey participants would use Luxembourg for cross-border fund locations, while some 54% said they would choose Ireland as the most attractive cross-border fund location.
The quarterly pulse survey of institutional investor sentiment on the economic impact of Brexit said the majority (82%) of institutional investors now believe Brexit will have an impact on their business operating models, rising from 72% in the third quarter.
The Q3 2018 survey said that the number of investors with a negative outlook for global economic growth fell to 15%, an 8% drop from Q2 2018. At the same time, the number of institutional investors looking to increase their holdings of UK assets rose to a record high of 21%, an 8% increase from 13% in Q2 2018, and higher than the previous set record of 16% in Q3 2017.
"Investor sentiment toward UK assets is becoming increasing bifurcated as Brexit deadlines loom larger," said Michael Metcalfe, head of Global Macro Strategy at State Street Global Markets. "On balance, the optimists, those planning to increase their holdings, are still winning the day - just. However, the Bank of England data released at ...................... To view our full article Click here
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