FT Adviser – Isa investors defy Brexit by buying British

FT Adviser (06/02/2019) – Isa investors are defying Brexit uncertainty by buying British in January, according to data from Willis Owen.

With the Isa season now underway, UK assets featured strongly in the best-selling funds and sectors on the Willis Owen platform in January.

The HSBC FTSE All Share Index C was the best-selling fund on the online investment platform, while UK Equity Income topped the sectors table, followed by UK All Companies and Sterling Strategic Bond.

Alan Chan, chartered financial planner for London-based IFS Wealth & Pensions, said: “The important thing to bear in mind is that just because there is Brexit on the horizon, it doesn’t mean there aren’t investment opportunities in UK equities.

“If you don’t invest in UK equities, where do else do you go? If you choose anything outside of the UK, there will be the added risk of currency fluctuations, which might not be such a good thing with the pound being quite weak.

“The impact of Brexit is likely to be short term only and so for long term investors they will still be investing in UK equities.”

Full article link: https://www.ftadviser.com/investments/2019/02/06/isa-investors-defy-brexit-by-buying-british/