A study has found 33% of UK investors have suffered a decline in their portfolios, meaning the remaining 66% had either experienced their portfolios increasing or staying the same.
The survey by Butterfields also found 44% were optimistic about the 12 month outlook for their portfolios.
The study also provided insight into the activity of UK investors and revealed 37% of investors held back on any action during the pandemic.
The pandemic meant investors had more time to pay attention to their portfolios and many investment platforms experienced a huge spike in the number of new accounts being opened.
Alpa Bhakta, CEO of Butterfield’s UK-based mortgage operations, said: “Navigating the turbulent economic landscape during the pandemic has been a challenge for investors. The option for many has been to pause on making major investment decisions, or to adopt a more risk-averse financial strategy. Clearly, however, it has not stopped a significant number of investors from being hit financially by Covid-19.
“It is positive to note that the number of optimistic investors more than doubles those lacking confidence. With interest rates remaining at record lows and the UK government’s economic policies evolving all the time, it will be interesting to see how investors now adapt their strategies in the months to come and which assets or markets attract the most attention.”
