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The company quizzed 111 asset owners and alternatives managers from around the world about their attitudes to the UK’s expected departure from the EU.
The survey forms the basis for State Street’s new Brexometer study – a quarterly gauge of views and strategies relating to Brexit.
Almost one-third of those surveyed said they would require more help to navigate the regulatory implications of Brexit.
Jeff Conway, chief executive for Europe, the Middle East and Africa at State Street, said investors expected Brexit to hit “a range of operational issues”.
“Many appear well prepared for Brexit and are proactively putting strategies in place to mitigate any ensuing impact,” Conway added.
While almost two-thirds (63%) of investors said they planned to maintain their existing investments in the UK, almost half (48%) said they expected the overall level of investment in the UK economy to fall in the next quarter.
Longer term, 31% of respondents said asset owners would cut the amount of risk in their portfolios over the course of the next 3-5 years.
However, one-quarter said asset owners were likely to increase risk.