Jun
04
Sovereign Wealth Funds May Sell Off U.K. Assets on Brexit Vote
By-
Invesco report shows institutions plan to underweight U.K.
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Investors question future of Britain as an investment hub
Sovereign wealth funds and central banks may look to cut their U.K. assets in 2017 after sentiment toward the country slumped since Britain voted to leave the European Union, according to an Invesco Ltd. report.
About 41 percent of institutions, who together oversee about $12 trillion in assets, said they expect to introduce new underweight positions in the U.K. this year, a survey published on Monday showed. Britain was also deemed to be the least attractive developed market, scoring 5.5 out of 10 in 2017, the report said. That’s down from 7.5 in 2016…
Sovereign Wealth Funds May Sell Off U.K. Assets on Brexit Vote
