Property News · July 2, 2016

Investment funds: the winners and the losers after Brexit


Funds primarily invested abroad have benefited, but others have dropped in value following the EU referendumSome of the big investment funds popular with Isa investors lost around 5% or more of their value in the days immediately after the Brexit vote – but there have also been winners at funds which are predominantly invested abroad.A fund with most of its money in India, Hong Kong and Taiwan – the £8.8bn Stewart Investors Asia Pacific Leaders fund – has jumped just over 10% in value in the first week of trading following Brexit. Many of its biggest investments, such as Taiwan Semiconductors, have barely moved during the crisis affecting Britain. Meanwhile Terry Smith’s Fundsmith Equity fund climbed 8%, as its largely US-focused portfolio benefited from the fall in sterling. Continue reading…

Source : theguardian.com
Read more…Investment funds: the winners and the losers after Brexit

You may also like...