64% of investors think cryptocurrencies are unsafe
28 Nov 2019
UK investors are favouring more traditional methods of investments such as shares and property in a time of political uncertainty
28 Nov 2019
The least popular investments are art and foreign exchange (forex) both at 19%, cryptocurrencies at 17% and classic cars 16%, shows research from Butterfield Mortgages (BML).
The study also showed that 10% of those who have invested in cryptocurrency plan to reduce their amount of investment in this asset in the new year.
The research showed that the most common assets investors hold are the more traditional stocks and shares at 53%, property at 41% and bonds at 30%.
BML’s study also shows that investors are also thinking more about their environment, as 43% have become more socially and environmentally conscious in their financial strategies.
Political uncertainty has had an impact as 42% of investors are holding off making any major investment decisions until Brexit has been resolved.
Alpa Bhakta, CEO of BML, said: ‘In this era of political uncertainty, investors are rallying towards traditional asset classes like property, which are historically resilient and able to hold their value in times of transition.
‘The fact a significant proportion of investors are planning to increase investment into property in 2020 shows that despite Brexit, demand for real estate remains resoundingly strong.
‘Interestingly, the factors influencing financial strategies are also changing–on top of security and stability, investors are also taking into account the environmental and social impact of their investments.
‘This will evidently be an important trend over the coming years, and is something both financial services firms and advisers will need to pay attention to in 2020.’
BML commissioned the study to an independent market research agency, the study was based on an independent survey of more than 1,100 UK-based investors (all with investments in excess of £10,000), BML's research reveals the asset classes that currently make up their financial portfolios and what factors are influencing their investment strategies in 2020.