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Young investors are the driving force backing Brexit Britain

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Online investment company SyndicateRoom analysed the sentiment and expectations of more than 1,000 retail investors in the aftermath of the Brexit vote – and stumbled across some intriguing statistics. While previously standing firm in the belief that remaining in the EU was Britain’s best bet, the UK’s young investors adopted a mindset similar to one showcased by Mark Carney in June 2016.

After the results of the referendum vote spread across the nation, Carney, the governor of the Bank of England, stated that businesses have to get on with the job in hand, stay focused and move on. The UK’s young investors, those aged 18-30, seem to have taken this advice on board and are now more than three times as likely to invest than their older counterparts.

Also, the 18-30 age bracket expects to invest more than previously in the next 12 months, and of the funds younger investors plan to deploy, 70 per cent will be in UK assets. SyndicateRoom claimed equity markets offered the most appealing asset class for investors, with 56 per cent opting for it as their best bet.

This was reflected by younger investors, with 52 per cent of 18-30 year olds putting equities at the top of their list.

SyndicateRoom’s CEO, Goncalo de Vasconcelos, said: “The UK has a lot of to be proud of. Our market leading technology, fast evolving investor environment and first class talent, makes Britain the most attractive centre in the world for bringing technology and fintech companies to market. This remains the case, irrespective of Brexit.

“The continued confidence we’re seeing from our next generation of investors is a glowing endorsement of these strengths. It’s clear that tomorrow’s investors are the future of Brexit Britain. 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”.

Image: Shutterstock

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