Economics

European equities manager Tim Stevenson gives his personal views on the UK referendum, assessing some of the current arguments around EU membership and the impact of a potential Brexit.

According to Daniele Bianchi, of Warwick Business School, is an Assistant Professor of Finance and researches financial econometrics, asset pricing and commodity markets, on the whole, the negative impact of Brexit on exchanges rates, on the political landscape, and on international trade agreements, will cause short-term damage to the UK economy...

Much water has flowed under the bridge since the highly challenging start to the year for the markets. The performance returned risky assets on the European stock markets have rallied 15% from their February lows. Although year-to-date returns are now practically flat, the recovery was nonetheless spectacular.

Monetary financing isn’t a wacky new policy and is easy to understand once you look at ‘money’ the right way. We should treat government debt and taxation as two forms of monetary sterilisation rather than financing operations.

Paul O’Connor, Head of Multi-Asset, gives an update on the risks and opportunities in the run-up to the June EU referendum. With less than 40 days until the vote, opinion polls are fairly stable and suggest “remain” will be the outcome. However, the material risk of “Brexit” has resulted in the following action across their portfolios...