Over half of local investors fear their portfolios will suffer on back of Brexit tumult: survey

Older investors are more pessimistic.

Singapore-based investors fear that they will suffer losses on back of escalating volatility brought about by Brexit, a survey by Hong Kong-based marketing research firm CSG showed.

The survey revealed that 53% of Singapore investors believe that the performance of their current investments will worsen over the next 12 months. The results show that older investors are more pessimistic on the outcome, with about a quarter of investors older than 50 deciding to put their investment plan on hold after the referendum results.

In contrast, young investors below 50 years tend to search for new opportunities.Almost a third or 29% of investors aged 25-29 also feel enthusiastic about their investments despite the Brexit.

The survey also showed that Hong Kong investors appear to be more impacted by Brexit, with a staggering 65% of Hong Kong investors thinking that their portfolios will weaken over the next 12 months. Another distinction between both cities is that while 63% of Singapore investors think that global investment opportunities will remain the same or improve, only 53% of Hong Kong investors shared this sentiment.