British expats shun UK investments and prefer local opportunities

Published:  2 Oct at 6 PM
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Britons living overseas are fighting shy of investment opportunities in th8ier country of origin, preferring to invest their money in their countries of residence.

Domestic stock markets in a number of popular expat destinations are being favoured over and above the FTSE by almost a third of British investors living overseas, according to a new study. A Lloyds Bank International survey found that Britons in the USA, Germany and Canada had more confidence in the outlook for the local economy than in that for the UK and are betting on longer-term growth for their investments.

Expats in France, however, are less convinced about local shares, even although most expats surveyed hold a positive outlook regarding the next three to five years. Lloyds, however, considers that the UK is now in a strong position to offer value and good returns to investors.

According to international advisory head at the bank, Ian Martin, it’s understandable that expats might prefer local investments due to their local knowledge and their wish to avoid currency risks. However, he feels that opportunities in Britain should not be rejected out of hand.

The survey took in investors living in the US, Spain, France, Canada, Australia and Hong Kong as well as other popular expat hubs. A British expat living in Singapore warned against the impact of QE and advised cash for most assets, including physical gold and silver, plus mining stocks, and another in Hong Kong recommended selective Chinese stocks listed on the Hong Kong bourse.

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