Five views on a ‘no deal’ Brexit
By Sebastian Cheek, Kristen McGachey and Jessica Tasman-Jones, 3 Aug 18
Experts look at how investors can position themselves if the UK crashes out of the EU
“A diverse portfolio remains important, hard Brexit or not,” said Chase de Vere’s Fearns.
“As such, we are unlikely to exclude an asset class unless it becomes fundamentally unattractive. If hard Brexit were to happen, we would expect immediate sterling weakness, as we saw post vote, which would benefit UK large and mega-cap companies with overseas earnings.
“UK mid and small-caps would likely experience an indiscriminate sell off, creating buying opportunities for the discerning investor in an already deeply unloved market.
“With regards the above, we might pair the Man GLG Undervalued Assets fund, with its small and mid-cap bias, alongside a FTSE 100 tracker.”
Tags: Abrdn | Chase De Vere | Federated Hermes | Old Mutual | Rathbones
