Investors take refuge in the dollar
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.
Brexit
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Asset managers weigh in on Brexit outcome
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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PA OPINION: What if Brexit goes to extra time?
With yesterday’s woeful draw, the England football team will feasibly last longer in Europe than their nation, but what if the referendum ends up being a tie? Penalties?
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Spreadbury cuts duration sharply as bond rally continues
The extraordinary rally in government bonds seen in the past fortnight has prompted Ian Spreadbury to cut duration in his funds by two years.
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PA ANALYSIS: Investors need to choose a path then hold their nerve on Friday
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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Micro factors could trump macro after Brexit – JPMAM’s Flanders
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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FTSE spikes as remain-friendly polls cheer markets
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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PA ANALYSIS: Are Brexit betting odds actually reliable?
Betting odds have emerged as a coveted predictor of the outcome of the UK’s EU referendum. But are they actually as reliable as some fund managers suggest?
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FTSE recovers ground as the week closes
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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Investors should brace themselves regardless of Brexit vote result – UBS
An “acrimonious” Brexit is likely to lead to Bank of England rate cuts, flailing FTSE indices and fall in consumer confidence, according to head of UK Investment Office at UBS Wealth Management, Bill O’Neill, and UK economist at UBS Investment Bank, David Tinsley.
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Courtiers cashing in on the dollar as Brexit chances rise
Courtiers has been selling down some of its long position on the US dollar to bank profit generated by the rising probability of Brexit.
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Brexit Strategy: DT warns against short-term tactical positioning over coin-flip
With Brexit now less than two weeks away, the volume of commentary finding its way into Portfolio Adviser’s inbox is growing rapidly. For your convenience we have placed all the most interesting investment ideas into one place .
