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Brexit vote leaves young investors undeterred, says SyndicateRoom

The online investment firm has released a study, which looked at the reaction of over 1,000 retail investors to the June vote
Brexit vote leaves young investors undeterred, says SyndicateRoom
Gonçalo de Vasconcelos is the chief executive and co-founder of SyndicateRoom

The vote to leave the EU has done little to dampen enthusiasm among retail investors - with the under 30s set to be the driving force, says crowdfunding platform SyndicateRoom.

The online investment firm released a study, which looked at the reaction of over 1,000 retail investors to the shock Brexit June vote in 2016, and found that despite the economic uncertainty, younger investors expect to invest more in the year ahead, and mainly in UK investments.

That comes despite more than half of all retail investors voting to remain, SyndicateRoom notes.

Of investors likely to dip into their pockets this year, the 18–30 age group is more than three times as likely to invest as its older counterparts, the study showed.

While 71% voted to stay in the EU, more than half (53%) of investors aged between18 and 30 are now more determined to invest following the result - that’s more than triple those investors aged 51 or over, of which only 15% are more inclined.

Gonçalo de Vasconcelos, chief executive and co-founder of SyndicateRoom, said: "The UK has a lot of to be proud of. Market-leading technology coupled with a fast-evolving investor environment and first-class talent makes Britain the most attractive centre in the world for bringing technology and fintech companies to market.

"This remains the case, irrespective of Brexit.The continued confidence we’re seeing from our next generation of investors is a glowing endorsement of these strengths."

The research also showed that investors are now more determined than ever to invest in UK assets. Of the additional capital investors plan to commit in 2017, over 70% is expected to be in Britain, it said.

SyndicateRoom is an online investment platform that allows retail investors to invest in early-stage companies at the same price and under the same terms as professionals.

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