A new study commissioned by trading broker HYCM reveals how anxiety surrounding the coronavirus pandemic and Brexit is affecting UK investors’ plans for 2021.
The survey was conducted with 885 UK-based investors, all investing “over £10,000” with the exception of property and workplace pensions.
Research shows that 65% of UK investors believe the impact of Covid-19 on the UK economy will be worse than this year despite years of hope that the recovery in FTSE will last. I did. The Covid-19 vaccination program launched last week has led to the UK index being chopped over the weekend as continuous Brexit negotiations failed to generate concrete deals. Ta.
So far, even though the deployment of the Pfizer vaccine has progressed relatively smoothly, it is expected that it will take some time before the majority of the population can be inoculated, as older, vulnerable groups are currently in front of the queue. It will be done. 62% of UK investors said they would wait until the vaccine is widely available before making “major financial decisions.” 43% then said they plan to invest in the sector “worstly affected” by travel, travel and such pandemics. Hospitality.
But the possibility of risking hopes for normalcy is the news that the UK has identified a new strain of Covid-19. Officials have warned that there is no evidence yet to suggest that the strain is even more serious or that it still affects the effectiveness of the current vaccine, but the nerves are present. .
Meanwhile, 58% of investors will be allowing more negotiation time from December 31st, despite the UK planning to leave the EU, regardless of whether the UK has reached the contract or not. I’d like to see the Brexit deadline sets for more negotiation time. Eve. British Prime Minister Boris Johnson and European Commission’s Ursula von der Leyen have agreed to continue the weekend talks despite the initial deadline on Sunday, but time has run out quickly, and Britain has said “The source reported that there are no recent advances yet. Day.”
Three in five (60%) investors will adopt a “conservative investment strategy” over the next 12 months by focusing on security rather than returns, with a third (34% ) is considering investing in renewable energy stocks, and shares in 2021. This figure rises to 46% between the ages of 18 and 34.
Giles Coghlan, chief currency analyst at HYCM, commented on the findings of the report.
“As the speed of 2021 approaches, it is clear that investors are preparing for another year of market volatility as a result of Covid-19. Furthermore, investors are entitled to the worst of the pandemic’s economics. I am very afraid that I have not yet come in terms of damages.
“The arrival of one or more vaccines will be an interesting development. If this happens, we expect a surge in activity in the financial markets as investors hope to utilize the sectors raised for recovery. It’s there.”
The growing interest in green investments is expected to be the focus of the investment portfolio over next year. explained Stavros Lambouris, CEO of HYCM International.
“This study is an important reminder of the impact of the pandemic on investors. Recognizing the uncertainty on the horizon, the majority of investors clearly put in a careful approach to managing their investment strategies. I’m taking it.
“That being said, a significant percentage is trying to invest in green energy stocks and equities, representing ambitious green strategies recently, with both Prime Minister Boris Johnson and US presidential election Joe Biden. There is no doubt that this is an important trend to watch in 2021.
