Ireland’s funds market has emerged as the immediate winner from the uncertainty caused by the UK’s vote to leave the European Union, attracting more investment flows than any other European country in June.

Figures from Thomson ReutersLipper on July 19 show that Ireland, whose capital Dublin is a fund management hub, remained the investment centre of choice for the second consecutive month, recording net flows of €17.1 billion, far exceeding its nearest challengers - Switzerland (€4.8 billion) and Germany (€900 million).