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Monday, 5 June 2017

Wealth funds question UK’s future as EU investment hub

Wealth funds question UK’s future as EU investment hub:

"Sovereign wealth funds see the UK as a less attractive location for investment following Britain’s vote last year to leave the European Union, while Germany’s desirability has increased, according to a new survey.

Some funds with EU interests have questioned the future of the UK as an “investment hub” for Europe following the Brexit decision, the survey by Invesco, the fund manager, found.

Invesco’s report about the survey of 97 sovereign investors — which include sovereign wealth funds, state pension funds, central banks and government ministries collectively holding $12tn of assets — said the Brexit decision “poses a threat to the long-term attractiveness of the UK”."



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