Simon Brazier, manager of the Investec UK Alpha fund has asserted that while the result of the EU referendum means that a UK recession is now a ‘significant reality’ and that ‘all stocks will be affected’, there are parts of the FTSE 100 and the wider equity markets to buy from profit.
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Stephanie Flanders, the former BBC economics editor who is now chief market strategist for Europe at JP Morgan Asset Management, has asserted that while stock markets are in ‘shock’ at the result of last night’s referendum, the outcome will be increased volatility and a drop in GDP, but not an end to the global economic recovery.
Simon Edelsten, manager of the Artemis Global Select fund, which has returned 61 per cent over the past five years, compared to 37 per cent for the average fund in the IA Global sector, has asserted that the decision of UK voters to leave the EU has also weakened the investment case for the Eurozone.
Mark Carney, the Bank of England governor who had previously described the prospects of the UK leaving the EU as ‘the most significant’ near term risk to the UK economy, has moved this morning to reassure the markets about the impact.
Darius McDermott, managing director at Chelsea Financial Services, has revealed the funds he believes the funds that represent the best opportunity for investors to protect their wealth in the wake of the EU referendum result.
Star fund manager Neil Woodford has reiterated his long-held assertion that the longer-term impact of the UK’s decision to leave the EU will not be as bad for the economy as the sharp movements in stock prices this morning implies.
The UK will 'quickly enter a period of recession' following Brexit vote, says manager of £2 billion fund
Richard Buxton, manager of the £2 billion Old Mutual UK Alpha fund has asserted that the UK will quickly enter recession following the decision of the country to vote in favour of the country leaving the EU yesterday.
In some respects, banks and financial traders have become all too accustomed to tales of economic plight and warnings of impending doom. This was best reflected by the American financial crisis in December 2012, when a combination of expiring tax-cuts and widespread government funding restrictions threatened to send the U.S over the edge of the so-called ‘fiscal cliff’. Rather than react with flight, many investors held their nerve despite the risk of the economy being plunged into a huge recession.
In the last few months, Brexit has sent shockwaves across the financial markets. Although one might imagine that its impact would be limited to British assets alone, this has not been the case, and traders from across the world have already begun to apprehend the fallout if leave campaigners should win the day.
James Henderson, who runs the Henderson Opportunities Trust, which has returned 34 per cent over the past nine years, has revealed the reasons why he is buying more shares in banking giant Barclays.
David Jane, the veteran investor who runs a suite of multi-asset funds at Miton, has revealed the one sector of the Japanese market in which he is invested right now.
Shell and BP will be 'dead' within 15 years, but there are other shares to buy for profit, says manager of £4 billion Scottish Mortgage Investment Trust
James Anderson, the veteran manager of the Scottish Mortgage Investment Trust, compared to 38 per cent for the average fund in the AIC Global sector in the same time period, has asserted that the pace of technological change currently encasing the world, will mean that Shell, BP, most car makers and utility businesses cease to exist by 2030.
Jason Hollands, managing director at Tilney Bestinvest has cautioned investors not to over-react, whatever the impact of result of the EU referendum vote.
Nicholas Weindling, manager of the JP Morgan Japan Fund, has revealed how he is finding value in Japanese stocks right now.
Job Curtis, the veteran manager of the City of London investment trust, which has increased its dividend for every one of the past fifty years, has revealed exclusively for What Investment the reasons why he won’t invest in more oil stocks right now, despite the oil price rising.
The FTSE 250 stock I think has 'attractive dividend growth prospects for years to come', by top income investor
Tom Moore, manager of the £1.1 billion Standard Life UK Equity Income Unconstrained fund, which has returned 64 per cent over the past five years, compared to 48 per cent for the average fund in the IA UK Equity Income fund in the same time period, has revealed the FTSE 250 he has bought because he believes it has years of dividend growth ahead.
Jonathon Brown, manager of the Invesco Perpetual UK Smaller Companies Equity fund, which has returned 82 per cent over the past five years, compared to 61 per cent for the average fund in the IA UK Smaller Companies sector, has revealed that he believes one particular part of the small cap market he believes will be a buy if the UK votes to exit the EU on Thursday.