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UK retail investors pull out of property funds

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UK retail investors are pulling out of Property and UK Equity funds and switching into Global and Japan equities, according to analysis by rplan.co.uk, the online investment platform.

The analysis shows that the number of trades on the rplan.co.uk platform was up 175 per cent over the weekend following the Brexit vote versus the previous weekend, and 76 per cent of withdrawals was from Property funds and 22 per cent from UK equity funds.

The volume of switching between funds was 4.5 times higher than the previous weekend.

The sectors most bought overall included Global Equities (56 per cent), Japan Equities (20 per cent), UK Equities (16 per cent) and North America Equities (5 per cent).

Stuart Dyer, rplan.co.uk’s Chief Investment Officer, says: “UK investors’ fears about the prospects for property are 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.”

Analysis announced last week by rplan.co.uk showed that UK investors had reduced their investment in UK and European equities and markedly increased their holdings in cash in the run-up to the EU referendum.

The level of new investments in UK funds on the rplan.co.uk platform were down 63 per cent over the last month and down 46 per cent over the last three months versus the same periods last year.  Levels are down 34 per cent in the last six months versus the same period last year.

However, the levels of new investments into cash are up a staggering 408 per cent in the last three months and up 411 per cent in the last six versus the same periods last year.

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