Apparently, there will be a vote later this year about the UK’s future relationship with the EU! A number of publicly quoted fund houses have stated that they do not expect Brexit to have a significant impact on their businesses.
Some analysts disagree. The FT quotes Guy Sears, the interim Chief Executive of the IA as expressing deep concern over a vote to leave. Analysts at Morgan Stanley have identified firms most “at risk” and Liberum put out a note suggesting a “brave face” being put up by leaders of some London headquartered investment firms.
Lets hope we don’t have to find out who is right.
Many of the world’s largest asset managers have severely underestimated the potential fallout of a UK exit from the EU, according to a number of leading analysts and regulatory experts.