The online investment platform’s analysis found the number of trades on the rplan.co.uk platform was up 175% over the weekend following the Brexit decision compared to the previous weekend.
Of the withdrawals, 76% were from property funds, while 22% were from equity funds with the volume of switching between funds being 4.5 times higher than the previous weekend.
Stuart Dyer, Chief Executive Officer of rplan.co.uk, said that UK investors’ fears about the prospects for property were striking.
“Clearly, there are worries that property would be affected by a possible economic downturn and the withdrawal of foreign investors.
“But investors should not be too hasty in making decisions about the consequences of Brexit.
“Property and other asset classes have their roles to play in a balanced portfolio invested for the long term. Diversification helps to reduce both the impact of volatility and risk.”
New levels of investment in UK funds were also down on the rplan.co.uk platform by 63% over the last month with levels down 34% in the last six months compared to the same period last year.
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