Report: UK millennials set to increase 2017 investments, despite Brexit

By Moriah Costa on Thursday 12 January 2017

Savings and Investment

A quarter of retail investors are more likely to invest after Brexit, in a sign of confidence post-referendum Britain.

Investors are confident in the market, despite half of the UK voting to leave the EU in June, according to a report from SyndicateRoom research.

Young investors, ages 18 to 30, are expected to be the backbone of retail investing in 2017. Millennials are three times more likely to invest than investors over 51-years-old.

“It’s clear that tomorrow’s investors are the future of Brexit Britain,” Goncalo de Vasconcelos, CEO and cofounder of SyndicateRoom, said. “With retail investment set to grow now more than ever, we need to ensure that this demand is channelled effectively to continue to support UK business, allow them to flourish and maintain the vital stimulus needed for a vibrant economy in the long term.”

The report found that 28 per cent of the 1,000 retail investors surveyed are likely to invest, compared to 17 per cent of investors who are less likely to invest after the referendum vote.

About 70 per cent of the money retail investors are expected to invest will be in UK companies, the crowdfunding platform said.

The equity market is the most appealing for investors, with 56 per cent of those surveyed opting for equities, the platform found. Among younger investors, 52 per cent stated they preferred equities.

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