Since the referendum, UK investors have moved a net £62bn of their fund investments outside the UK. In March 2019 alone, as the UK Parliament teetered on the brink of a no-deal Brexit, they placed a net £2.7bn in EU-based funds, almost three times the amount that flowed into UK regulated funds.
Key highlights from the report:
£62bn of capital has flowed into offshore funds since Brexit; £2.7bn in the last month alone
Before the referendum, only £2.5bn flowed offshore in eighteen months
Dublin-based funds have enjoyed £42bn of net inflows, Luxembourg has enjoyed £20bn
Flows have been into all asset classes, reinforcing the suggestion that jurisdiction, not choice of asset, has driven the offshore trend