Jupiter has relaunched the Jupiter Asia Pacific Fund, a sub fund of the Jupiter Global Fund SICAV, as the Jupiter Asia Pacific Income Fund. As of today, the Fund will offer investors a portfolio of mainly large-cap Asian stocks aimed at delivering long term capital growth and income...
Not good. The result of Friday's Brexit vote precipitated dramatic changes in equity and currency risk, driven by higher volatility and substantial changes in correlation.
Richard Turnill, BlackRock's Global Chief Investment Strategist discusses how the British vote to exit the EU has spurred a flight to safety, potentially creating opportunities. According to its commentary, with most asset valuations looking fair to expensive, however, it's important to focus on relative valuations.
Results from the UK's referendum on membership of the European
Union (EU) indicate that voters have decided the UK should leave the
EU. This result is likely to have wide political, economic and financial
market repercussions, leading us to alter our economic and market
forecasts and, potentially, our asset allocation.
UK voters have chosen by a narrow margin to leave the European Union.
The outcome of the UK vote is initially a major shock for markets, and could in the long run damage economic growth and cause more political risks. Brexit puts further pressure on risky assets, oil prices and the British pound. Outcome could trigger further quantitative easing.