Woodford offers soothing words on Brexit
Neil Woodford has wasted no time in offering investors some reassurance over the prospects for UK equities in the wake of the Brexit vote.
Neil Woodford has wasted no time in offering investors some reassurance over the prospects for UK equities in the wake of the Brexit vote.
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Markets were not as sure about the referendum result as the bookies on Thursday, with equities and sterling both slipping back during the afternoon following big climbs in the morning.
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The FTSE 100 has begun the day in very volatile fashion as the United Kingdom votes on whether to remain in the European Union or leave.
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It is the range of European national elections set to take place in 2017 that could potentially give investors the real headaches.
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European investors hoarded cash in May. As Brexit-induced uncertainty dominated markets, they poured a net €14bn into USD money market funds, according to Lipper fund flows data.
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Opinions from Vontobel, Manulife AM, Pictet AM and JP Morgan AM say a Brexit is unlikely. But just in case…they join in the flood of forecasts on what happens after a leave vote.
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Adrian Gosden, co-manager of the Artemis Income Fund, will leave the firm at the end of the month after 13 years.
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Everything is pointing towards a wild day in financial markets this Friday with asset prices shifting dramatically whatever the outcome of the referendum.
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While investors should be wary of macroeconomic factors impacting UK equities and sterling in the short term post-Brexit, the microeconomic consequences could be bigger in the long-term, according to Stephanie Flanders, JP Morgan Asset Management’s chief market strategist for Europe.
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The FTSE 100 climbed 2.6% by mid-morning on Monday following the release of remain-friendly referendum polls over the weekend.
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The FTSE 100 experienced a respite in the Brexit inspired sell-off and recovered some of its recent lost ground this morning.
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Legg Mason’s Bill Hench talks about his love of the small cap universe, investing in individuals and how the US is set to lift the global economy
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