{"id":96340,"date":"2016-10-04T09:37:42","date_gmt":"2016-10-04T13:37:42","guid":{"rendered":"http:\/\/countingpips.com\/?p=96340"},"modified":"2016-10-04T07:39:08","modified_gmt":"2016-10-04T11:39:08","slug":"investors-are-likely-to-dump-uk-assets-ahead-of-brexit-talks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/investors-are-likely-to-dump-uk-assets-ahead-of-brexit-talks\/","title":{"rendered":"Investors are likely to dump UK assets ahead of Brexit talks"},"content":{"rendered":"
October 4, 2016<\/div>
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By\u00a0George Prior<\/em><\/strong><\/p>\n

Investors are increasingly likely to dump UK assets between now and the start of the Brexit negotiations, affirms the boss of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

Nigel Green, founder and CEO of deVere Group, is speaking out after the British Prime Minister, Theresa May, outlined the timetable to commence negotiations. She indicated that she would trigger Article 50, the clause needed to start the Brexit process, by the end of March next year.<\/p>\n

Mr Green comments: \u201cThere\u2019s an uncertain road ahead for the UK in the run-up to Britain\u2019s formal divorce proceedings with the EU.<\/p>\n

\u201cUntil the talks start, there will be no clear answers to the important questions about the UK\u2019s future relationship with the EU\u00a0or the rest of the world and this is going to create ongoing uncertainty.<\/p>\n

\u201cThis uncertainty suggests a higher risk for investors and it can be expected that as a direct response many will dump UK assets as a precautionary measure.<\/p>

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\u201cThis trend has already manifested itself.\u00a0\u00a0 We saw sterling fall to a three-year low against the euro and its lowest level against the dollar since the beginning of July on\u00a0Monday<\/span><\/span> following May\u2019s announcement.\u00a0 It\u2019s a trend that will likely gain momentum as the start date for negotiations draws nearer.\u201d<\/p>\n

He adds: \u201cOne asset class that is likely to remain largely unaffected is UK property.\u00a0 This remains highly in demand by UK and overseas investors due to the ongoing fundamental strengths of British residential property investments and because of the fall in the value of the pound.\u201d<\/p>\n

Mr Green goes on to say: \u201cIn contrast, investors are now more likely to increase their exposure to other international markets.<\/p>\n

\u201cBroader geographical diversification should be championed.\u00a0 Investing across geographical regions is an essential part of a well-diversified portfolio, and puts individuals in an optimum position to mitigate risk during times of market volatility, and make the most of the inevitable opportunities that present themselves.<\/p>\n

\u201cThe more diversified the portfolio when a global approach is taken, the greater the reduction of overall portfolio risk.\u201d<\/p>\n

The deVere CEO concludes: \u201cAn overriding general sense of how the UK will fare in the EU negotiations is developing. This presents risks and investors will be mindful of the ensuing uncertainty.<\/p>\n

\u201cAs such, investors will be rebalancing away from the UK in favour of global stocks, bonds and perhaps property too.\u201d<\/p>\n

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deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $10bn under advisement.<\/em><\/p>\n

www.devere-group.com<\/a><\/p>\n

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By\u00a0George Prior Investors are increasingly likely to dump UK assets between now and the start of the Brexit negotiations, affirms the boss of one of the world\u2019s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, is speaking out after the British Prime Minister, Theresa May, outlined the timetable to commence […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96340","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=96340"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96340\/revisions"}],"predecessor-version":[{"id":96341,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96340\/revisions\/96341"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}