UK investors move £62bn into Luxembourg and Dublin funds on Brexit fears

UK fund investors have shifted a net £62bn of their investments outside the UK since the 2016 Brexit referendum, according to the latest Fund Flow Index (FFI) from Calastone. In March 2019 alone they placed some £2.7bn in EU-based funds, almost triple the inflows into UK-regulated funds, as worries over a no-deal Brexit escalated. According to the report, almost all of the total £62bn is now invested in EU-based funds, with Dublin coming out as the biggest winner, taking in some £42bn; almost all of the rest has gone into funds domiciled in Luxembourg.  This figure is a staggering ...