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Investors to keep UK asset holdings stable, 'Brexometer' survey shows

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Investors to keep UK asset holdings stable, 'Brexometer' survey shows

A slim majority of institutional investors intend to keep their asset holdings in the U.K. stable within the next six months, when Brexit talks hit a critical phase, according to a survey by State Street Corp. dubbed "Brexometer."

Of 101 participants across hedge funds, real estate and private equity, 55.4% said they expect their holdings of U.K. bonds, stocks and alternatives to remain the same as at present over the period.

"On balance, the optimists, those planning to increase their holdings, are still winning the day — just," said Michael Metcalfe, head of global macro strategy at State Street.

The survey also found that the appetite for increasing U.K. assets reached 20.8%, a peak since the quarterly index began two years ago. However, investors looking to trim down their U.K. holdings also rose quarter over quarter to 19.8% from 13.9%.

Meanwhile, Luxembourg and Ireland emerged as the most attractive locations for investors looking to expand their cross-border fund business, trailed by Channel Islands, Germany and France.