Hello,
Given the Brexit result we wanted to share with you what has happened, and how you are positioned.
The Shock of the Divorce: The markets have violently responded to the shock of the United Kingdom leaving the European Union. However, like all “divorces”, this will be a long drawn–out process and will take some time to unwind. The reaction is more based on emotion and shock.
US Exposure: During periods of global uncertainty, the world seeks to purchase safer investments. This flight to safety is always centred on US denominated assets (even if the US is the cause of uncertainty). You have significant US exposure and will benefit from inflows to the US.
EU GDP Growth will contract and as a result:
We are confident in your portfolio holdings, and would be happy to discuss any aspect of the Brexit with you further.
Regards,
The SAGE Team
Brad Moore is a Portfolio Manager with Raymond James Ltd. The views of the author do not necessarily reflect those of Raymond James. This article is for information only. Raymond James Ltd. member of Canadian Investor Protection Fund.