Brexit: investment
impact


Henderson's investment teams have been providing their views in the months leading up to the referendum. They now provide 'Brexit reactions' outlining how they believe the vote to 'leave' will impact their asset classes and portfolios.





Quick view: May’s 'hard Brexit' offers Hobson’s choice

by Ryan Boothroyd

1 month ago

​Ryan Boothroyd from Henderson’s Multi-Asset Team reacts to Theresa May’s ‘Brexit’ speech, which outlined plans for the UK to leave the European Union (EU) single market.

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Fixed income view: Brexit’s unprecedented conditions create fresh opportunities

by Phil Apel, Andrew Mulliner

7 months ago

​Our fixed income experts examine the impact of Brexit and how the event has created fresh opportunities

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Credit view: Brexit, central banks and market expectations

by Stephen Thariyan

7 months ago

​Stephen Thariyan, Global Head of Credit, analyzes recent moves in credit markets post-Brexit & discusses the impact and opportunities

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Brexit - threats and opportunities

​Graham Kitchen, Head of Equities, and Matthew Beesley, Head of Global Equities, respond to the UK’s vote to ‘Leave’ the European Union.

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Not all paths lead to Brexit

by Paul O'Connor

8 months ago

​Paul O’Connor, Head of Multi-Asset, reflects on the UK’s vote to leave the European Union (‘Brexit’). He explains why a full Brexit is far from guaranteed. 

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Brexit: What next?

by Ben Lofthouse

8 months ago

After the vote, what next?

There is a great deal of uncertainty about the next steps from a political point of view. There is a growing sense that all parties (Europe and the UK) will start discussions regarding the UK’s relationship with the European Union only once a new leader has been appointed and invoked Article 50. This is good news as it means the market should reach a level once initial selling is over.
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Brexit- a political not financial crisis

by Jenna Barnard

8 months ago

​While the result of the referendum “Brexit” last week may be the biggest political crisis in the United Kingdom since the Second World War, this is not a financial crisis in our view.  Credit markets are not suggesting systemic risk at present as the banks are in a relatively healthy place due to rigorous regulation and stress testing over the last few years.

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Brexit: political earthquake but global economic implications probably limited

by Simon Ward

8 months ago

​Henderson Chief Economist, Simon Ward, comments on the UK's decision to leave the European Union.

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Brexit: Reflection on the result of the UK’s EU referendum

by Stephen Peak

8 months ago

​Stephen Peak, Director of International Equities, reflects on the result of the UK’s EU referendum

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Brexit reaction: short-term harm, long-term opportunity?

by Stephen Thariyan

8 months ago

Stephen Thariyan, Head of Credit, views the vote to ‘Leave’ as troubling for credit markets in the short to medium term, but – dependent on central bank and market reactions – volatility and uncertainty could provide some opportunities.

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Brexit reaction: Global Equity Income view

by Ben Lofthouse

8 months ago

​Ben Lofthouse, CFA, Portfolio Manager, gives his reaction to the Brexit outcome and outlook on global equities.

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Brexit: effects beyond borders

by Matthew Beesley

8 months ago

​Matthew Beesley, Head of Global Equities, responds to the UK’s decision to Leave the European Union.

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Brexit reaction: corporate bond market takes result in its stride

by Jenna Barnard

8 months ago
Jenna Barnard, Co-Head of Strategic Bonds, comments on how bond markets have reacted to the Brexit result
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Would Brexit derail global markets?

by Simon Ward

8 months ago

​Simon Ward, economist at Henderson, gives his latest views on the potential impact of the UK referendum.

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Global Equity Income: Brexit implications

by Ben Lofthouse

8 months ago

Ben Lofthouse, CFA, Co-Portfolio Manager of the Global Equity Income Fund, discusses the implications of Britain’s vote on June 23 to remain in or exit (‘Brexit’) the European Union (EU) and why the team’s global approach is designed to limit any impact on the portfolio.

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Brexit: three scenarios and their implications for markets

by Matthew Beesley

8 months ago

​Matthew Beesley, CFA, Head of Global Equities, explores the market implications of the three most likely scenarios following Thursday’s UK Referendum on European Union (EU) membership: a strong decisive vote for Remain, a slim Remain win, or a win for Leave (‘Brexit’). Matthew explains what he believes the impact of each would be on global markets and where the opportunities might lie for bottom-up stock-picking.

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Brexit viewpoint: generational differences

by Tim Stevenson

8 months ago

​Tim Stevenson, Director of European Equities and Europe-2 sub-portfolio manager for the Henderson International Opportunities Fund, provides an insight into the upcoming referendum on the UK’s membership of the European Union

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European equities: the uncertainty discount

by Nick Sheridan

8 months ago

Nick Sheridan explores the current fundamental discount on European equities approaching the mid-point of 2016. He discusses the impact of uncertainty on the European economy and what a ‘Brexit’ could mean for his value-focused strategy. 

Nick covers:
  • Sedate progress behind the market bluster
  • The fear discount offering value in Europe
  • The Brexit factor
  • Portfolio positioning
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Global Equity Income:  comments on “Brexit”

by Ben Lofthouse

9 months ago

I will start with the preface that we do not see “Brexit” as the most likely outcome. The betting market indicates a 65% likelihood of remaining and that has been pretty constant since the start of this year. However, it is an obvious tail risk event.

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‘Brexit’: dampening the downside but ready for opportunities

by Paul O'Connor

9 months ago

​Paul O’Connor, Head of Multi-Asset, and Ryan Boothroyd, Analyst, give an update on the risks and opportunities in the run-up to the June EU referendum.

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Brexit: overview and outcomes

The impact of the UK’s vote to leave the European Union (EU) – ‘Brexit’ (British exit) – is likely to be felt across Europe’s political and investment landscape for many years to come.

This guide provides a high level overview of the situation and explores the many questions left unanswered.