Expert Opinion: Is it time to ditch EU and UK austerity asks Axa IM’s Chris Iggo. Long term bonds may be how to do it

1 July 2016 by Chris Iggo

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The tumultuous events of the last week have left a very dark cloud over Great Britain. There is a political crisis, a constitutional crisis and potentially an economic crisis. Oh yes, for England at least, there is a football crisis as well. With resignations all around we give thanks for Mark Carney and his promise […]

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Is it time to ditch EU and UK austerity asks Axa IM’s Chris Iggo. If so, issue long term bonds to fund it

1 July 2016

insight

The tumultuous events of the last week have left a very dark cloud over Great Britain. There is a political crisis, a constitutional crisis and potentially an economic crisis. Oh yes, for England at least, there is a football crisis as well. With resignations all around we give thanks for Mark Carney and his promise […]

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After Brexit, it is time to ditch the myth of risk-free developed markets says Jan Dehn

1 July 2016

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Jan Dehn, Head of Research at Ashmore, offers the view that it is now time to ditch the fiction of risk-free developed markets. EM asset prices behaved well in response to the Brexit shock and offer potentially better risk-return characteristics. Ashmore believes that investors should accept the facts and reduce their remaining exposure to developed […]

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Will there be a July rate cut?

30 June 2016

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Mark Holman, chief executive officer, TwentyFour Asset Management looks at the options for the Bank of England. When Mark Carney said that a vote to leave the EU was the single biggest threat to financial stability in the UK, I really think he meant it. However the market reactions that have unfolded, despite being highly volatile, […]

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Real estate will be illiquid during negotiations on terms of UK withdrawal says Aviva

29 June 2016

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The hit to UK real estate sentiment sparked by the UK’s vote to leave the EU may be limited by easier monetary policy, says Chris Urwin, head of global research at Aviva Investors. A majority of UK voters, 52 per cent, voted to leave the EU on 23 June with profound consequences for the UK […]

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First time buyers paying a record amount despite referendum wobbles

28 June 2016

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First-time buyers are paying a record amount to purchase their first home, despite the wider market wobbling around the EU referendum, according to estate agents Your Move & Reeds Rains. May saw first-time buyers pay an average of £173,282 to get onto the housing ladder, up 2.7% from £168,656 in April and 15.8% more than […]

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A vote to leave is an economic shock

28 June 2016

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James McCann, UK/Europe economist Standard Life Investments discusses the implications of the Brexit vote. The most searched question on google since the EU referendum result has been: what does it mean to leave the EU? Markets are asking themselves the same question, judging from the price action after the announcement. A vote to leave constitutes […]

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Annuity rates start to fall as Brexit bites at gilt rates

27 June 2016

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Annuity rates are already starting to fall, following the Referendum result and the drop in Gilt yields. Just Retirement and Retirement Advantage have both announced annuity rate cuts this morning, more are likely to follow says Hargreaves Lansdown. Just Retirement’s rates are down by around 2%. Investors who want to buy an annuity are being […]

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Heartwood gives its views on implications of vote

27 June 2016

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Noland Carter, chief investment officer at Heartwood Investment Management, gives his reaction to the UK leaving the EU and the likely implications. The UK electorate has voted to leave the European Union in a once in a generation vote. We believe the likely implications are: Political risk premia will remain high across markets. Other than […]

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Eleven reasons investors should not panic

24 June 2016

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James Klempster, head of portfolio management, and Glyn Owen, investment director, Momentum Global Investment Management discuss what the Leave vote means for investors in 11 points below. 1. Nothing changes immediately in that the UK remains a member of the EU until it triggers the formal exit process, following which it remains a member for […]

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