Bookmaker William Hill cut its odds for Britain to vote to remain in the EU to 1/5 yesterday, implying a probability of just 15% for Brexit to occur. Nevertheless, fund managers remain seriously worried it might well happen.
With investors cutting back on United Kingdom equities allocations amid fears about Brexit, an enticing contrarian opportunity is emerging.
The UK is more attractive to invest in if it remains in the EU, according to Commonwealth business leaders.
A vote to leave the European Union would most likely result in a material slowing of growth and a notable rise in inflation, the Bank of England said on Thursday.
In this video interview, Franklin Templeton’s head of European fixed income David Zahn explains how he sees great opportunities to make money from the Brexit referendum and the ensuing volatility. He also outlines why he thinks the dollar will resume its upward path.
Recent reports from those favouring Britain to stay in the EU suggest a Brexit of any sort would be severely damaging to the UK economy. We assess what will be in store for investors if it happens, and how to Brexit-proof your portfolios.
UCITS products may need to be “radically restructured” should the UK vote for Brexit, law firm Hogan Lovells has said.
British wealth managers will overwhelmingly vote to remain in the EU on the 23rd of June, a poll at a London investment conference revealed.
Global asset managers have favoured European equities over their UK counterparts since autumn 2014, according to Expert Investor fund manager sentiment data. The advent of the Brexit referendum only seems to widen the gap.
The majority of fund buyers in the Basque country and in much of the rest of Europe expect another market correction this year. Fund managers at Expert Investor Spain, held in Bilbao last week, identified China and Brexit as the main possible triggers for this.
The hyperbole is in full swing, with even The Queen backing Brexit according to The Sun. A more erudite view perhaps comes from Rathbones’ five common ‘myths’ around a potential exit from the EU.
Yanis Varoufakis would find it hard to resist voting for Brexit if he were British, he said at Expert Investor’s Pan-European Congress in Rome last Friday. However, his wish is not going to materialise, congress delegates believe.
