Property Fund Re-value Assets Following Brexit Vote

NEWS YOU CAN USE: Brexit impacts property funds, Alliance Trust and RIT Capital merger deal is off, Newton Asian Income confirms manager and Artemis lose income star

Emma Simon 30 June, 2016 | 11:32AM

In the investment industry, events this month have been overshadowed by the monumental decision made on June 23 for the UK to leave the European Union.

Events since have been dominated by both financial and political uncertainty -  as markets, fund managers and ordinary investors try to understand what these vote means in practical terms, and what the short- and long-term consequences might be.

In the immediate aftermath the UK has lost its triple-A rating, sterling has been hammered in value and stock markets remain volatile – although after an initial blip the FTSE 100 has avoided a more comprehensive sell off.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alliance Trust Ord777.32 GBP-1.98
Artemis Income R Inc1.85 GBP0.11
BNY Mellon Asian Income GBP Inc1.89 GBP0.42
RIT Capital Partners Ord1,823.87 GBP1.33

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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