UK Retail Investors’ Equity Aversion Hampers Market, Abrdn Says
- British savers hold 8% of their wealth in shares, mutual funds
- US-style approach could unlock up to £3.5 trillion for London
The UK government has been looking at ways to drive investment in local stocks.
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British savers are the most averse to investing in stocks among G7 economies, according to an analysis by Abrdn Plc.
UK adults allocate just 8% of their wealth to shares and mutual funds, with much of their savings held in property, pensions and cash, an analysis by the asset manager found. That compares to a 33% allocation in the United States.