Market Commentary Brexit: Britain Votes Leave
- In a tight 51.9% to 48.1% vote, the U.K. has voted to leave the European Union.
- As expected, the reaction in equity markets was negative.
- We believe a diversified approach should serve investors well, and we remain diligent in evaluating future investment opportunities as financial markets react to the news.
Overall, while the U.K. is one of the largest economies in the world, it still represents just under 4% of global gross domestic product. Given that, the impact on a global basis may be somewhat muted in the long term.
To read more click here.