Brexit 

Guide to the UK market post-Brexit

  • Learn how fund managers are positioning in UK equities for Brexit and how clients should be invested in the asset class.
  • Consider what impact Brexit uncertainty has had on the UK economy.
  • Understand how advisers can help to reassures clients ahead of Britain's departure from the EU and the discussions they should be having.
CPD
Approx.60min
Guide to the UK market post-Brexit

Introduction

On March 29 2019, the UK will leave the EU - a date that will mark a hugely significant moment in the UK's history.

In fact, the UK is officially scheduled to leave the European bloc at 11pm on that day.

Over the past two years since the referendum, UK equities and the value of sterling have reacted to any further developments. The uncertainty means UK fund managers have had to adjust their allocation to UK equities, while many advisers and their clients have been trying to prepare portfolios to withstand any potential impact from either a 'soft' or 'hard' Brexit.

In this guide fund managers discuss how they are positioning their portfolios in readiness for the UK's departure from the EU, as well as how clients should be investing across the market cap spectrum in UK equities.

The guide also considers the impact on the UK economy of the ongoing political wrangling and how advisers can help to reassure their clients in the face of uncertainty. 

This guide is worth an indicative 60 minutes of CPD.

Contributors to this guide are: Simon Gergel, manager of the Merchants Investment Trust at Allianz Global Investors; Neil Woodford, head of investment at Woodford Investment Management; Mark Barnett, head of UK equities at Invesco Perpetual; Alex Wright, manager of the Fidelity Special Situations fund; James Thomson, manager of the Rathbone Global Opportunities fund; John Goodall, WH Ireland’s head of private client research; Andrew Walker, portfolio manager at Walker Crips; Jeremy Lawson, an economist at Aberdeen Standard Investments; Henry Dixon, a portfolio manager on the UK equities team at Man GLG; Andy Haldane, chief economist of the Bank of England; James Beaumont, head of consulting and advisory services at Natixis Investment Management; David Coombs, multi-asset investment manager at Rathbone Unit Trust Management; Judith Mackenzie, a fund manager at Downing; Graham Bishop, investment manager at Heartwood Investment Management;  Alastair Mundy, manager of the Investec UK Special Situations fund; Jamie Clark, manager of the Liontrust Macro Equity Income Growth fund; Dan Kemp, chief investment officer for Europe at Morningstar; David Baker, chief investment officer at Mazars; Mark Carney, governor of the Bank of England; Laura Suter, personal finance analyst at AJ Bell; Bank of England; Heartwood Investment Management.

David Thorpe is investment reporter at FTAdviser.com

In this guide

CPD
Approx.60min
  1. Mr Gergel says he is maintaining what type of portfolio?

  2. Is the following statement by Mr Goodall true or false? "We remain cautious on the UK with underweight recommendations across all our mandates."

  3. Which three sectors "bore the brunt" the day after the referendum, according to Mr Clark?

  4. What does Mr Coombs say about the UK exiting without a deal?

  5. Mr Gergel thinks in some cases what?

  6. Mr Baker says over the long run, he thinks what?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Learn how fund managers are positioning in UK equities for Brexit and how clients should be invested in the asset class.
  • Consider what impact Brexit uncertainty has had on the UK economy.
  • Understand how advisers can help to reassures clients ahead of Britain's departure from the EU and the discussions they should be having.

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