Outflows from European equities swelled to levels not even seen during the financial crisis after last month’s Brexit vote.
Category: Europe
It would be rational for the UK to leave EU ASAP – Mirabaud
From an investment point of view it would be rational for the UK to avoid delays in leaving the EU, said Gero Jung, chief economist at Mirabaud.
European investors backed the wrong horse
The past 12 months haven’t been a great time for equity investors. Only US equities delivered a positive return during the period, albeit a modest one. A year ago, few European investors were betting on this asset class to do well though.
European equity sentiment in freefall
Appetite for European equity has cooled down significantly. Already before the British vote for Brexit, the asset class had fewer fans than at any point in the past five years.
Europe: a growing cash cow for asset managers
Europe’s share of the world economy may be declining steadily, but there is at least one area where the continent is growing in importance: asset management revenues. Global asset management companies are deriving an ever growing share of their revenue from Europe, at the expense of the United States.
Brexit tantrum has gone to script
The day after Roy Hodgson showed David Cameron a thing or two about how to resign rapidly when things have gone pear-shaped, the markets rowed back a little on their own quick reaction to an unexpected defeat.
Investors wait for Brexit-storm to calm down
European investors are sitting on large cash piles, and are waiting for volatility to ease a bit before hunting for opportunities.
EU leadership calls on UK government to trigger Leave clause
In a joint statement on Friday, the EU leadership urged the UK to start departure procedures immediately as “any delay would unnecessarily prolong uncertainty”.
Calm heads needed as Leave vote sends complacent markets spiralling
Markets were stunned into action on Friday morning after the UK voted narrowly to leave the European Union. Sterling slumped to its lowest level versus the dollar since 1985, safe haven assets jumped and the Nikkei fell almost 8%, while the FTSE opened 6.7% lower.
Continental fund buyers think Britain will remain in EU
European fund buyers believe Britain will vote to remain in the European Union on Thursday. Investors from the Nordic countries are especially convinced the status quo will prevail.
